A special needs trust is a special type of trust that comes in multiple forms. In any case, it helps to speak with a special needs lawyer who can help explain your rights and options. At The Law Office of Nicole Israel, PLLC, we know how vital a special needs trust is to plan for someone with a disability. We’ll walk you through the entire process and ensure that your loved one is set for the future.
Speak with a lawyer to determine the most effective ways to create a special needs trust in a legal way. Here are some of the requirements you should know about when setting up a special needs trust:
The trustee must be able to have full control over asset distributions.
The beneficiary may not amend or revoke the trust.
The beneficiary or someone acting on behalf of the beneficiary cannot make demands for distributions.
The trustee cannot give cash to the beneficiary.
What Are the Different Special Needs Trusts?
First-party special needs trust
Third-party special needs trust
Pooled special needs trust
Get an Attorney for Special Needs Trusts
You need to ensure that your estate planning is done with the beneficiary’s best interests in mind. When the beneficiary has special needs or a disability, protecting the benefits they receive is of the utmost importance. In order to ensure everything is accurate and in line, it helps to work with a special needs planning attorney who can provide you with vital information and knowledge to move forward effectively. The Law Office of Nicole Israel, PLLC is here for you.
You have specific goals when going through estate planning. It’s vital to partner with an advisor who understands those goals and works to maintain them throughout the partner. Our team looks into your needs, providing the most effective option for you. When your future and rights are at stake, you can count on our team to be your trusted partners. We’ll be there for you every step of the way, ensuring that you have the information you need to make smart decisions for you, your family, and your assets. When you leave our office, you will feel empowered and prepared to create a legal plan that protects your family in challenging situations.
Call us today and speak with a member of our team about your rights and options.