Here is a brief list of the duties and responsibilities that CoG fulfills as trustee:
– Avoid any activity that conflicts with the purpose of the trust—which is to enhance the quality of life of the beneficiary.
– Spend money to enhance the beneficiary’s life, while making the trust funds last as long as possible.
– Respond to the beneficiary’s personal needs for goods and services that aren’t covered by SSI or Medicaid.
– Keep up with SSI and Medicaid income and resource rules so that the trustee’s spending doesn’t affect the beneficiary’s eligibility for SSI and Medicaid.
– Invest and manage trust property following the terms of the trust and state law in the beneficiary’s best interests.
– Keep the beneficiary and other interested persons up to date on trust activity.
– Work together with the beneficiary’s guardian or conservator if the court has appointed one.
– Keep accurate records, prepare reports that the SSI and Medicaid programs require, and file necessary federal and state tax returns.
– Go to court, if necessary and financially reasonable, to uphold the trust and require the SSI and Medicaid programs comply with applicable law.
– Terminate the trust if circumstances warrant doing so.
– Manage or distribute trust property after the beneficiary dies or the trust is terminated.