special needs trust

Self-Funded Special Needs Trusts

What is a Self-Funded Special Needs Trust?

A trust is a legal document that provides for the control and distribution of assets held by a "trustee" for the benefit of another (the "beneficiary"). The assets in a trust may be money, stocks, bonds, real estate, business interests, or other possessions or assets. A trust should provide how assets are to be managed and distributed during the beneficiary’s life, and also how they are to be distributed after that person’s death.

First Five Steps in Special Needs Planning

What is special needs planning? The focus of special needs planning is to protect and secure the future of our loved ones with disabilities.

Special Needs Parenting: Planning for Retirement

An estimated 58 percent of Americans die without a will.  Life expectancy for individuals with special needs has increased significantly; for example, adults with Down syndrome now live to about 60, an increase from age 25 in 1983.  With statistics like these, it’s becoming even more important for parents of special needs children to prepare for retirement

Protecting Assets for Child with a Disability

Estate planning and lifetime planning for parents with a child with a disability present special challenges. The goals of the parents are to utilize their assets in such away to enrich their child’s life while, at the same time, preserving the child's public benefits.

Estate Planning Options

Parents of a child with a disability have four options with respect to estate planning: