Do I Need an Attorney to Set Up a Special Needs Trust?

Do I need an attorney to set up a special needs trust?

See the Answer

Can an ABLE Account Be Funded Directly From an RMD Account?

Can an ABLE account be funded directly from an RMD account (i.e., direct deposit)?

See the Answer

Must an SNT Be Issued in the State Where I Get SSI?

Must a special needs trust be issued in the state from which the beneficiary receives Supplementary Security Income?

See the Answer

Can I Be Paid as an SNT Trustee If I Live in Another State?

Can the trustee (who lives in Texas) of a special needs trust established in California be compensated for their time?

See the Answer

I Need a Representative Payee for SSI. What Are My Options?

I live in California. I have no one in my life who would be appropriate or qualified to act as my representative payee. The Social Security Administration is requiring me to have a representative payee or lose my Supplemental Security Income (SSI) benefits. What are my options?

See the Answer

Is a First-Party Special Needs Trust Taxed as Grantor Trust?

Can a first-party special needs trust (funded through a settlement on personal injury) be taxed as a grantor trust if grantors are parents? If treated as a grantor trust, will income taxed to the disabled party jeopardize public benefits?

See the Answer

Can My Daughter Leave Remaining Trust Funds to Someone?

My daughter has a third-party trust funded with her money from my parents. Is she entitled to leave any remaining funds after her death to a beneficiary of her choice?

See the Answer

Where Do I Start to Become a Caregiver for My Widowed Mom?

Where do I even start with being a caregiver for my widowed mother? How can I get paid by the state to take care of her full time?

See the Answer

Can a Special Needs Trust Pay a Special Needs Planner?

Can the trustee of a special needs trust use trust funds to pay a special needs planner for planning advice?

See the Answer

Can a Third-Party SNT Be a Life Insurance Beneficiary?

Can a third-party special needs trust (SNT) purchase life insurance (term or perm) on another individual, and name itself (the SNT) as beneficiary? (For example, a disabled adult child is the beneficiary of a third-party SNT, the SNT is the policy owner, and the insured is a parent with the SNT as the beneficiary.)

See the Answer

Recent Articles