Special Needs Trust Basics

Special Needs Trust Basics

Tidbit: You can ask your family members to contribute to a special needs trust. This way, you make it more robust. When we talk of a special needs trust, we are referring to nothing more than a traditional trust that instructs the trustee to get assets from the trust for the special needs of the…

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Clauses in Special Needs Trusts

Clauses in Special Needs Trusts

When you set up a special needs trust, you should be ready to come up with clauses that will determine how the trust is handled. The clauses are required to make the trust what it needs to be for it to be regarded as complete. You have the option to include the clauses in the…

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The Need for a Medicaid Fraud Attorney

The Need for a Medicaid Fraud Attorney

Medicaid is a program that gives health care access to those citizens that cannot pay for this type of care by themselves. This can be a health care facility, support group, or a physician. Given that the state and the federal government provide the care, many people have a minimal choice but to accept what…

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Drawbacks to a Supplemental Needs Trust

Drawbacks to a Supplemental Needs Trust

A supplemental needs trust is a legal tool that is used to help disabled people to retain more of their assets without giving up public benefits. These trusts were initially invented to enable the parents of kids with disabilities to provide for them without making them ineligible for public benefits. Typically, if you set up…

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Mistakes Trustees Make in New York

Mistakes Trustees Make in New York

Trusts are valuable planning tools for families that have children with special needs in their fold. Many people get distinctions when coming up with a trust, but the trustee ends up making costly blunders that make the whole process null and void. Let us look at these mistakes and what needs to be done to…

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