Do I Need a Special Needs Trust To Protect My SSDI Benefit?
I am currently receiving Social Security Disability Insurance (SSDI) and my mother, with the help of her attorney, has set up...
Read moreChoosing a trustee is one of the most important and difficult issues in special needs trusts. The trustee must have the necessary expertise to manage the trust, including making proper investments, paying bills, keeping accounts, and preparing tax returns. A professional trustee will have these skills, but may be unfamiliar with the beneficiary and his unique needs. For those who may be uncomfortable with the idea of an outsider managing a loved one's affairs, it is possible to simultaneously appoint both a professional trustee and a family member as co-trustees. It's also possible to hire a trust "protector," who has the power to review accounts and to hire and fire trustees, and a trust "advisor," who instructs the trustee on the beneficiary's needs. However, if the trust fund is small, a professional trustee may not be interested. Make sure that whomever you choose is financially savvy, well-organized, and, most important, ethical.
Local Special Needs Planners in Your City
I am currently receiving Social Security Disability Insurance (SSDI) and my mother, with the help of her attorney, has set up...
Read moreMy son is the beneficiary of a special needs trust that was set up when she was young and received a settlement from a lead p...
Read moreOut of all of the decisions that parents of children with special needs have to confront, the choice of a guardian stands out...
Read moreTo help consumers navigate the process of opening newly available savings accounts for families of people with disabilities,...
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