Many parents have their retirement savings socked away in 401(k)s and IRAs.? There are ways for beneficiaries to avoid pay...Read more
One key benefit of creating a trust now is that your extended family and friends can make gifts to the trust or include the trust in their estate planning. You can also consider whether making the trust the beneficiary of a life insurance policy makes sense now, while you are healthy and insurance rates are low. In these cases, the special needs trust should be irrevocable rather than revocable.