A trust is a fiduciary relationship where one party, called a trustee, holds assets on behalf of a beneficiary or beneficiaries. There are many different types of trusts: revocable trusts, irrevocable trusts, special needs trusts, and support trusts. Trusts can come to life while you are living (intervivos trusts), or spring to life after you die (testamentary trusts). An attorney can help you decide whether a trust will help you achieve your estate planning goals.
FAQs About Trusts
This section contains articles answering some frequently asked questions about Trusts in Texas and North Carolina.
Special Needs Trusts
If you have a child with special needs, you need special planning. A special needs trust can help preserve your child’s eligibility for public benefits while providing for supplemental needs that will enhance his or her life. Articles in this section may answer some of your questions about special needs trusts.
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Special Needs Trusts FAQs
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What is a Letter of Intent for Child With Special Needs
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Can an Individual Create a First Party Special Needs Trust for His or Her Own Benefit?
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What is a Pooled Special Needs Trust?
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What is the Difference between a First-Party Special Needs Trust and a Third-Party Special Needs Trust?
