Questions & Answers

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

• Categories:
• ABLE Account Information
• |
• Financial Planning

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...

• Categories:
• Special Needs Trusts
• |
• Estate Planning

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

• Categories:
• Special Needs Trusts
• |
• Special Needs Planning

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

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...

• Category:
• SSI and SSDI

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

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

• Categories:
• Special Needs Trusts
• |
• SSI and SSDI

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?...

• Categories:
• Special Needs Trusts
• |
• Settlement Planning
• |
• Public Benefits

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?...

• Category:
• Estate Planning