Estate Planning & Special Needs Trusts
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Special Needs Trusts
Special needs trust are specialized trusts that can be created and funded as a stand-alone document during a parent’s life time for a child or loved one with disabilities.
These trusts are meant to keep a disabled child from being disqualified from receiving state support for their disability, while still providing “extra” things supplementing what the State is unable to provide.
A special needs trust may also be created through a parent’s estate plan that doesn’t take effect or is funded until after the parents die. Such testamentary special needs trusts can be created through a properly drafted last will and testament or revocable living trust.
Please contact estate planning attorney, Kenneth Barney at [email protected] or call him at 480-833-1113 for more information about a creating a special needs trust for a disabled beneficiary.