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.

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.