Sentence examples for special needs trusts from inspiring English sources

It is very important to work with an attorney who specializes in establishing special needs trusts, as they clearly have some unique qualifications.

TrustCounsel's experienced estate planning lawyers provide legal assistance with: Wills, IRA trusts, special needs trusts and charitable gift planning.

Required to take only a brief training course, guardians must often deal with complex issues including Medicaid coverage, asset allocation and "special needs trusts".

Many have neglected the mechanics of wills, changes in guardianship, special needs trusts, and similar matters.

Also, families put money into "special needs trusts" for disabled or chronically ill relatives.

New York lawyer Bernard A. Krooks says his firm is moving into new niches by hiring experts in special needs trusts and special education.

The two main special needs trust are the First Party Special Needs Trust and the Third Party Special Needs Trust.

Financial planning is especially important for people with special needs because it's possible to protect funds — like money willed by a grandparent — for the individual using a special needs trust, Mr. Duckworth said.

THE TRUST One of the first tasks that many proactive families tackle is to set up a special needs trust, which holds assets that can help pay for a disabled person's care and expenses without disqualifying them from certain government benefits that are means-tested.

With a properly drawn special needs trust, you can receive benefits from programs such as Medicaid, while the money in the trust can be used to pay for extras for you.

A so-called special needs trust can usually get around the Medicaid problem, but you may want to wait a bit, to see how various aid programs work, before setting up a trust.