Should We Name a Sibling as Trustee?

Should We Name a Sibling as Trustee?

Families of children with special needs are faced with a very difficult decision — after the parents are gone, who will watch out for their child who can’t watch out for themselves? Oftentimes, this question is coupled with — should a family member...
6 Planning Tips for Special Needs Families

6 Planning Tips for Special Needs Families

Families with special needs include parents, or other family members (either children or adults) with special needs, and individuals with special needs. These families face unique planning challenges and serious consequences if planning is inadequate or improper. If...
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...