In New Jersey, child support payments are considered an asset of the child, despite the fact that such payments are typically paid directly to the custodial parent. For a child with special needs, direct payment of child support to the parent could disqualify the child for means based government benefits. For this reason, some parents
First Party Special Needs Trust
Inheritance and the Importance of Creating a Special Needs Trust
By Tishya M. Signorelli on
Posted in Special Needs Trusts
An inheritance left to a person with special needs must be distributed to a special needs trust to avoid jeopardizing such person’s government benefits. A special needs trust can be created during lifetime or through a person’s Will upon death. If a special needs trust is not properly established, this creates a myriad of problems…