Do I Need Two Special Needs Trusts for Two Children?
When your family has more than one child with special needs, do you need more than one special needs trust??Most families...
Read moreNot from a public benefits perspective. A person is entitled to have any number of SNTs. However, from a practical standpoint it could be messy, especially if the trusts are run by different people and these people do not get along. For example, if the beneficiary needs a cell phone bill paid, which trust will agree to pay it? Will one trustee decide not to make any payments until the other trust is terminated? However, if the trustees get along and work on a budget together, it should work fine.
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Local Special Needs Planners in Your City
When your family has more than one child with special needs, do you need more than one special needs trust??Most families...
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Does a gift of $14,000 this year to a special needs trust (SNT) qualify for the annual gift tax exclusion?
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The U.S. Supreme Court has agreed to hear a case that could influence how millions of special needs children are edu...
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