Who should I pick to be the trustee? Pick a trustee you can trust to administer the special needs trust for your loved one. Some trustees have the power to end the trust once it is no longer needed. You should appoint a trustee that knows and understands the beneficiary’s needs, a point often overlooked. Family members often serve as the trustee. Note: [...] By Sandra McCarthy|2023-07-19T11:51:13-07:00March 1st, 2021|Special Needs Trust FAQs|0 Comments Read More
What protections does a special needs trust offer? Funds used to create a special needs trust are tax-deductible. Creditors also may not file a lawsuit against a special needs trust for monies owed. Special needs trust funds are used for the beneficiary. By Sandra McCarthy|2023-07-19T11:52:29-07:00February 25th, 2021|Special Needs Trust FAQs|0 Comments Read More
What can special needs trust assets be used for? Trust assets may be used to buy a variety of goods and services for your loved one such as: personal care attendants out-of-pocket medical and dental expenses physical rehabilitation education home furnishings vacations recreation vehicles and other incidentals By Sandra McCarthy|2023-07-19T11:52:51-07:00February 25th, 2021|Special Needs Trust FAQs|0 Comments Read More