Trusts are created when someone or a company manages property or assets on behalf of another. The person or entity is known as the trustee and has the responsibility of making decisions in the best interest of the trust beneficiary.…
Trusts are generally created when someone or a company manages assets on behalf of another person. The person or entity is known as the trustee and has the responsibility of making decisions in the best interest of the trust beneficiary.…
In order to provide for the needs of a child with special needs or a disabled relative, many families create and fund a special needs trust. It can provide peace of mind to improve a family member’s future quality of…
Enabling the Disabled Families can carefully manage their money to comply with disability-benefit rules while still providing additional perks for disabled people. And, though the rules can be strict, people with disabilities are still permitted autonomy to own some money…
Grantors (the individuals who create and fund a trust) generally become trustees when they create a special needs trust (SNT) for a loved one with a disability. However, it is crucial to choose a successor trustee who will continue properly…
When you have a special needs child in your family, you may want to consider purchasing life insurance to address the possibility of outliving your child. Alternatively, parents may use a life insurance policy in a trust as part of their…
You should carefully plan for the future of a loved one with special needs as it is one of the most important things you can do to protect their lives. This article offers tips you can employ in your planning process…
Protecting a child's need-based government benefits requires careful planning when leaving assets to them. It is also important to protect those assets against later claims after your death and, in some cases, during your lifetime, for additional available public benefits…
The estate planning of children with special needs presents a unique challenge. Optimizing your estate to use, enhance, and enrich assets for your special needs child while maintaining their enrollment in public benefits programs requires careful planning. An estate planning…
Americans who are at least five years old and have special needs make up the largest single minority group in this country. The majority of federal and state benefits available to help persons with disabilities are needs-based, meaning income and…