Questions & Answers

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Question

Can You Set Up a Special Needs Trust for Someone Who Doesn't Receive Government Benefits?

We have a brother with special needs -- a documented intellectual disability -- who works full time and does not receive benefits. Our father just died and we have money coming, but he did not include our brother in his estate plan.  Are we legally able to set up a trust from our inheritance for the benefit of our brother?

VIEW ANSWER | TAGS: Estate Planning, Special Needs Trusts
 

Question

What Is The Best Kind of Special Needs Trust?

Our son receives Supplemental Security Income (SSI) due to a heart condition.  He is about to receive an inheritance and we would like to protect it with a special needs trust.  What is the best type of trust for him?

VIEW ANSWER | TAGS: Special Needs Trusts, Estate Planning
 

Question

Can I Administer My Special Needs Trust Without a Lawyer?

What is the best book to buy to help with the administration of a special needs trust?

VIEW ANSWER | TAGS: Estate Planning, Special Needs Trusts
 

Question

Is There A Limit On The Number of Trustees?

Can a special needs trust have more than one trustee at a time?

VIEW ANSWER | TAGS: Special Needs Trusts, Estate Planning
 

Question

What's the Difference Between a Settlor and a Grantor?

My special needs trust refers to someone called a settlor but my friend's trust has a grantor.  Are these roles different?

VIEW ANSWER | TAGS: Estate Planning, Special Needs Trusts
 

Question

Can a Guardian be a Trustee?

Can the parent of a person with special needs, who is also that person's guardian, serve as the trustee of a special needs trust that will hold a settlement?

VIEW ANSWER | TAGS: Special Needs Trusts, Settlement Planning, Estate Planning
 

Question

How Can I Specifically Disinherit a Person with Special Needs?

I am going to fund my son's special needs trust with a life insurance policy.  How do I make it clear that he is not supposed to get anything else from my estate?

VIEW ANSWER | TAGS: Estate Planning, Financial Planning, Special Needs Trusts
 

Question

Can a Rep Payee Establish a Trust?

I'm my sister's Representative Payee.  Can I establish a trust for her benefit using the money I receive from the Social Security Administration without having to get court approval first?

VIEW ANSWER | TAGS: Estate Planning, Special Needs Trusts, SSI and SSDI