If you are considering taking on the responsibility of serving as the trustee of a special needs trust, you will probably have questions about the trustee’s role. Trustees of special needs trusts have many important responsibilities, but these five likely rank...
It is quite common for a parent to want to serve as the trustee of a special needs trust for their child, especially when the parent is the one creating or funding the trust. There are many reasons why this makes sense: • It enables the parent to have complete control...
Choosing the right person to serve as trustee of a special needs trust is one of the most important and difficult issues in creating the trust. Trustees typically take care of important tasks like the following: • managing day-to-day operations of the trust, •...
In passing the Achieving a Better Life Experience (ABLE) Act in 2014, Congress created a new way for potentially millions of people with special needs to save for disability related expenses without jeopardizing their eligibility for federal public benefit programs....
How to Make Distributions to a Special Needs Trust Beneficiary Without Disrupting Their SSI When serving as the trustee of a special needs trust, it is crucial to be careful when making distributions or purchases for the benefit of the trust beneficiary. This is...
Effective special needs planning should not only address current daily routines and needs of your loved one, but also their future needs. This is best done through financial and/or estate planning. Continuity of Care for a Trust Beneficiary If you are the main person...
