In Part One and Part Two of Choosing a Trustee for Your Special Needs Trust, I described the numerous duties of a Special Needs trustee and the different factors that must be considered in choosing the trustee. In this final post, I offer some suggestions as to how to make that choice in order to… Read More »
Posts Categorized: Future Needs
Choosing a Trustee for Your Special Needs Trust: Part Two
In Part One of Choosing a Trustee for Your Special Needs Trust, I discussed all the different responsibilities and jobs a trustee must fulfill to properly administer the trust. It is also important to really assess both the current and potential future needs of your child. Considerations to Use in Choosing a Trustee There are… Read More »
Is Funding a Special Needs Trust a Guessing Game?
How do parents of children with special needs, whether that child is 5 or 35, predict just how much money their disabled child will need for their future comfort? There are many variables to consider, including: life expectancy; the rate of inflation; investment return; the amount of benefits the government will provide decades from now… Read More »
How Life Insurance Can Help Your Special Needs Child
Many parents are concerned about how they can fund a supplemental needs trust, especially in these rough economic times. Parents are also concerned about how their other children will feel if they divide their estate assets unevenly, providing more for their siblings with disabilities. These siblings might have even more resentment if they end up… Read More »
Providing for the Future of Your Special Needs Child
For many years, we have provided for our loved ones with special needs and serious disabilities. We have taken them to occupational/physical/speech therapists. Found special camps. Had endless meetings with our school districts. Driven countless hours. Shopped with love for just the right gift to bring a smile. Bought a special outfit. In general, we… Read More »
Planning for the Future of Your Special Needs Child
If you are the parent of a child with special needs as I am, you know that one of our greatest fears is how our children will be taken care of when we are no longer able to do so ourselves. Even worse, our fear only becomes greater as our children get older and we… Read More »