Do Beneficiaries of Special Needs Trusts Have Rights?

Do Beneficiaries of Special Needs Trusts Have Rights?

What happens if a dispute arises between a trustee and a beneficiary? There are five common rights of beneficiaries according to the Uniform Trust Code… A special needs trust is set up to provide money for the care and support of the beneficiary with special...
Purchasing a Home With a Special Needs Trust

Purchasing a Home With a Special Needs Trust

Buying a house with a special needs trust can be a good move, but you should understand the pitfalls and complexities. For some people with disabilities, homeownership may present a uniquely empowering opportunity. But for many others, purchasing a home through a...
Top 7 Reasons to Establish a Special Needs Trust

Top 7 Reasons to Establish a Special Needs Trust

Special needs trustsĀ (SNTs) can play an important role in helping families plan for children with special needs. Here are some of the most compelling reasons to speak with your attorney about establishing an SNT. 1. Preserve public benefits while enhancing your...
How Do I Give a Financial Gift to a Loved One With Special Needs?

How Do I Give a Financial Gift to a Loved One With Special Needs?

There are some things you need to know before giving a financial gift to a loved one who has special needs. The end of the year is approaching and the holidays are about to be in full swing. With that comes a time of gift-giving for family members. These gifts can be...
3 Questions You Should Ask About Your Special Needs Plan

3 Questions You Should Ask About Your Special Needs Plan

When Should You Consider Updating the Key Players in Your Special Needs Plan? It’s a wonderful feeling to have completed and executed a plan for your child with special needs. But how often should you revisit the people you chose to be guardian, trustee, health...
Special Needs Trusts and ABLE Accounts: Why You Probably Need Both

Special Needs Trusts and ABLE Accounts: Why You Probably Need Both

There has been a lot of excitement over the development of ABLE accounts recently. While ABLE accounts can be helpful planning tools for people with disabilities, they are certainly not a replacement for Special Needs Trusts. We’ll briefly look at why that is...