If you’ve set up a special needs trust, then you’ve named a trustee to serve in the best interest of the person(s) it benefits (called a beneficiary). While it is true that trustees of special needs trusts wear many hats, oftentimes families are left with...
A revocable living trust adds value to your estate planning, but some of the older reasons to create a trust aren’t true today. The tax law changes of 2012 significantly reduced the need to avoid estate taxes by using trusts. For most, the non-financial reasons...
Planning for special needs families continues to evolve. Historically, families left their estates to other family members, and they just hoped the family would take care of the special needs person. Leaving an inheritance for a special needs person was risky and...
Many people give away assets as a strategy for Medicaid Planning, but there are benefits they miss by not considering an irrevocable trust. Irrevocable trusts can be a very valuable tool with proactive Medicaid Planning. Certainly, gifting of assets can be done...
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...
