Special Needs Non-Profit Organization: Our special needs non-profit organization helps you secure your loved one's future with a special needs trust. Our expert team can help manage funds and ensure eligibility for benefits.
Parents and grandparents can control how, when and where trust assets go after the person with the disability passes. The only alternatives to the Special Needs Trust are (1) leaving nothing to the child; or (2) leaving the money to a pooled trust; or (3) leaving money in a trust tha...
Find a Special Needs Planner Questions and Answers Get answers to your long-term care and estate planning issues. Ask a Question Must an SNT Be Issued in the State Where I Get SSI? Must a special needs trust be issued in the state from which the beneficiary receives Supplementary Security ...
A special needs trust works for the specific necessities of your family and your trustees. Such trusts are designed with the intention to support trustees who are unable to provide for themselves and/or rely on government aid such as Social Security Disability Insurance or medicaid. Customizable ...
Broadly speaking, there are three types of special needs trusts. Third-party special needs trust: Holds assets contributed by others who want to help the person with special needs. First-party special needs trust: Holds assets that become the property of a person with special needs as the resu...
Hence, a primary goal of the special needs trust is to design the trust so that government benefits are used to meet the basic needs, such as food, clothing, shelter, while the trust provides supplementary needs, such as medical care, special equipment, utilities, education, job-training, ...
A Special Needs Trust shouldsupplementSSI or Medicaid, by providing financial support for certain living expenses; notsupplantthose programs. Well-intentioned, but ill-informed, parents or grandparents, sometimes leave assets to a disabled or special needs child or grandchild; thereby disqualifying him...
The article discusses the issues to consider in special needs trust planning engagement. It emphasizes the need of advisors to assess the financial needs of the disabled person and make benchmarks to measure decisions about special needs. It stresses that for clients to bequeath property to a ...
A Special Needs Trust can be used so your child may enjoy the use of property that is held in a trust for his or her benefit, while at the same time allowing for the preservation of government benefits and protection of assets. Additionally, funds from a Special Needs Trust are not consi...
Special needs planning should be undertaken as part of a comprehensive estate planning effort, as you will require a broad plan that ensures you have the funds necessary to create your loved one’s special needs trust. Your estate plan should facilitate the asset growth and accumulation necessary...