Does A Special Needs Trust Always Have to Pay the State When a Beneficiary Dies?
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Because your father's estate did not leave any money to your brother, you and your siblings will be able to establish a third-party special needs trust with some of your inheritance in order to take care of your brother, even though he doesn't receive government benefits. If your brother had received an inheritance directly, a parent, grandparent, guardian or court would have to establish a first-party special needs trust to hold his money.
Local Special Needs Planners in Your City
A common fear among beneficiaries or their families is that the trustee may not do what?s in the beneficiary?s best intere...
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A special needs trust has been likened to a "parent's pocket" -- that is, it pays for the kinds of things that a parent wo...
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