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Special Needs Trusts FAQs

If you are a parent of a child with special needs, your estate planning should include a special needs trust. Closeup of mother holding her children hand.

Can an Individual Create a First Party Special Needs Trust for His or Her Own Benefit?

A Special Needs Trust (SNT), also known as a Supplemental Needs Trust, is a trust created for a disabled beneficiary to hold funds in a way…

What is a Pooled Special Needs Trust?

Special needs trusts are trusts that hold assets for a disabled beneficiary and distribute funds in a way that preserves the beneficiary’s eligibility to receive public…

What is the Difference between a First-Party Special Needs Trust and a Third-Party Special Needs Trust?

I received an email this week from someone who had a special needs trust for a sibling. She wondered if her sibling could put some of his…

Would You Like A Will With That Special Needs Trust?

Several parents have contacted me recently about setting up stand-alone special needs trust for their children. Unlike a supplemental needs trust that is created in a…

Guidance For Trustees of Special Needs Trusts

If you have been named as the trustee of a special needs trust, you likely have many questions about how to administer the trust. You can…

Should I Disinherit My Disabled Child to Protect His Benefits?

Parents whose children are receiving government benefits, such as SSI and Medicaid, know that those benefits are means-tested. Those with countable assets greater than…

Will a Uniform Transfers to Minors Account Negatively Impact My Child With Special Needs?

Uniform Transfers to Minors Accouts (UTMA) accounts are an easy and inexpensive way for parents, grandparents and other well meaning individuals to make irrevocable gifts to minors…