What are some pros and cons of making a special needs trust?

Often times, parents of children with special needs consider a Special Needs Trust (SNT) to help ensure their child's health and welfare needs are met. ... read more

Here are some pros and cons of these new accounts and how they compare to an alternative, special needs trusts. PRO: A person with disabilities can set up his own account with his own money instead of relying on a parent, grandparent or court to establish a first-party special needs trust for him. read more

From an AZ special needs trust to a traditional will in which you stipulate who would care for your special needs loved one should something happen to you, there is no such thing as over-planning when it comes to caring for a person with special needs. A special needs trust in particular is always a good idea because it provides a financial provision for someone with special needs. read more

Special needs trusts can be used to receive proceeds from litigation or a personal injury settlement on behalf of the disabled beneficiary, as well, in which case it would be structured as a "first person" or self-titled trust. read more