A Third-Party Special Needs Trust (also referred to as a “Supplemental Needs Trust”) allows parents or other relatives of a special needs beneficiary to dedicate assets to the beneficiary by gift or inheritance without affecting his or her eligibility to receive government benefits and without any need for reimbursement of benefits that are provided by
government assistance
The Magic Age
By Lori Wolf on
Posted in Guardians/Guardianship, Special Needs Trusts
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There are certain ages in a child’s life that are benchmarks for changes. For some children, turning age 17 is an important day, since that is when the child can obtain a driver’s license and for some…
Special Needs Planning Just in Case
By Mary Browning on
Many parents, especially parents of young children, may be unsure at the time they are drafting their Wills if a child will qualify for government assistance in the future. The parents may be concerned that a child has a special need but may not know the extent when that child is young. Therefore, parents are…