Estate Planning

Advice on Funding Special Needs Trusts

If you are a parent with a special needs trust, you likely understand how critical it is to prepare for the future. After all, these trusts make sure that a child continues to receive financial support in case you die or become incapacitated. These trusts are also particularly helpful because directly transferring assets to a special needs child outside of a trust can result in the discontinuation of government benefits.

Deciding the amount of funds to place in a trust, however, can be difficult. That’s why this article reviews some of the important details you should consider when funding a special needs trust.

# 1 – Housing Costs

The post Advice on Funding Special Needs Trusts appeared first on New York Estate Planning Lawyer Blog.

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