Once a trust has been established, the Co-Trustee can submit request for funds for the Life Beneficiary’s supplemental needs. A signed Request for Funds Form and supporting documentation is required. MSNT staff will review the request for funds to ensure compliance with applicable federal and state policies. Review, approval and mailing can take 5 to 7 business days to complete.
Guidelines for trust distributions
The following chart provides general guidelines and expense categories for trust use. It is not a comprehensive list or guarantee of payment.
With documentation and co-trustee approval, preferably payable to vendor
Rate of Trust Use
MSNT authorizes disbursements in the best interest of the Life Beneficiary. Disbursements approved by MSNT will not have a negative impact on public benefits. As Trustee, MSNT must preserve the assets of the trust for as long as practicable. MSNT encourages conservative use of the trust with an expenditure rate of 2-4% per year.
Minimum Trust Account Balance
MSNT requires a minimum balance of $1,000 in each trust. Once the trust balance falls below $1,000, the Donor, Co-Trustee, or Life Beneficiary is notified and additional funds may be deposited. If additional funds are not available, MSNT initiates termination.
When all designated co-trustees and successors are no longer willing or able to serve or when no co-trustees are named as part of the trust declaration, MSNT serves as sole trustee and will MSNT will serve as Sole Trustee for trusts without a designated Co-Trustee or when the Co-Trustee resigns because they are no longer able or willing to serve. As Sole Trustee, MSNT will communicate directly with the Life Beneficiary, service provider or their legal representative to identify needs, document expenses and complete the Request for Funds form. A Sole Trustee fee will be applied.