Frequently Asked Questions
How do I choose a trustee?
A trustee effectively manages the money or assets that you’ve set aside in the trust, so it’s crucial to choose someone who is comfortable with this role and dealing with financial matters. You’ll also want to select someone who has…
What are the requirements for a special needs trust?
Only a parent, grandparent, guardian, or the court itself can establish an SNT. Such trusts must be irrevocable, meaning they cannot in any way be revoked by the grantor or donor. When establishing such a trust, you’ll need to consider…
How can I fund a special needs trust?
A special needs trust is funded using: Life insurance Cash (including gifts from relatives) Investments Retirement plan benefits Personal and real property Proceeds from a personal injury settlement
What types of Special Needs Trusts are available?
All SNTs have different classifications depending on the type of asset and management. For most families, a first-party SNT or a third-party SNT will be the option to explore. first-party trust third-party trust pooled trust Call us today for a free…
What is a Special Needs Trust?
Also called a “supplemental needs trust,” an SNT is a type of trust that preserves a person’s eligibility for benefits programs for which they could be disqualified for having a certain income or amount of assets.
