This is the final installment of our III part blog series discussing Special Needs Trusts. Before implementing a SNT, you should consider whether the trust is necessary. A SNT is not always necessary or the right answer. The cost of establishing and funding a “typical” SNT frequently ranges from $5,000 to $10,000 or more depending…

This is part II of our III part blog series discussing Special Needs Trusts. Self-Settled Special Needs Trusts To provide for the payment of supplemental needs, federal law permits an individual with disabilities to retain his or her resources in one of two types of Special Needs Trusts (SNTs). Without the creation of such trust,…

This is part one of a three-part blog series discussing Special Needs Trusts. Over the next few weeks, we invite you to follow along as we offer a brief overview of the basics of Special Need Trusts and alternative methods to Special Need Trusts. According to a study funded by the National Institute on Disability…

Are you a parent of a child with special needs? You may need special estate planning. Why? What’s the benefit of estate planning that is geared specifically to meet special needs? One important reason is that if assets are left directly to your special needs child, either through a will or through intestacy, that inheritance…