Category: Trust Administration

Making a Will & Trust: Things to Consider

Making a will usually triggers an unsettling realization of mortality. But it should also make you think about your obligations to your survivors and, if your financial situation allows it, your community or charitable interests. A will minimizes the likelihood of disagreements by outlining your objectives and dictating how your assets will be distributed. It […]

Early Special Needs Planning Can Save Assets

If you are the parent of a special needs child, you probably have concerns about how you can best care for and protect your child’s needs going forward. In most instances, putting protections in place to plan for your child’s future can help make your and your family’s financial position much more safe and secure. […]

The Two Types of Special Needs Trusts

The purpose of a special needs trust, sometimes abbreviated as an SMT, is to allow an individual who is disabled to still be eligible to pursue and recover various types of public assistance benefits — even if their assets would make them unable to obtain these benefits under usual circumstances. The State of California recognizes […]

Three Reasons to Consider a Special Needs Trust

A special needs trust, also called a supplemental needs trust, holds and protects financial assets for the benefit of a specified disabled beneficiary. There are countless reasons to select a special needs trust for the financial well-being of someone you love with special needs. Here are three of the most common for you to consider. […]

How Much Money Can You Put in a Special Needs Trust?

Parents with a special needs child understand better than most people the importance of preparing for the future. When they can no longer financially or physically care for their child in direct ways, they have options to ensure their child is still taken care of. One of these options is a special needs trust. What […]

Special needs trust: things to consider

When you have a child or close family member with special needs, you might need to form a special needs trust to plan for their future. The following is some information to consider when creating a special needs trust, and never hesitate to discuss specific questions with an estate planning attorney. Why a special needs […]

What can funds in a special needs trust be used for?

When someone has a disability, they cannot receive direct financial support from others and remain eligible for certain federal benefits. If you want to ensure they have funds to improve their quality of life, you can form a special needs trust. This is a legal tool that allows a third party to manage assets and […]

How to Choose an Elder Law Attorney

As the world population continues to grow significantly, so too does the elderly population in the United States. Statistically, the number of older adults in America has seen significant growth over recent years. Many experts estimate that by the year 2050, the elderly over 65 will outnumber the younger population of 21 years and younger. […]

Doctors Recommend Living Wills During The Pandemic

More than 214,000 people across the United States and over 16,500 people in California have passed away from COVID-19 and related issues in the past eight months. Many of these individuals would have never expected that they would contract and succumb to a fatal illness this year, and many people might not have had time […]