Four Things You Should Know About A Special Needs Trust

Planning for the future of a child with special needs can be overwhelming. There are so many details to consider. Planning ahead to secure their lifestyle and health-related needs requires a lot of time and energy. Even the idea of how much money to leave them is challenging because you could inadvertently put their access to government benefits at risk. It is recommended that you work with a lawyer who fully understands the intricacies of this area of law, as it will give you the peace of mind knowing that your child will maintain the life you’ve worked hard to provide. But, before you go to see your special needs planning lawyer, you should have an understanding of the basics.  Here are four things you should know about planning for a child with special needs. What is a Third Party Special Needs Trust? A Third Party Special Needs Trust is a tool that allows parents or other third parties to leave certain assets to children or adults with special needs, without…

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