When you discuss potentially challenging estate planning matters with an attorney from our firm, you will probably be pleasantly surprised when you become aware of the solutions. There are many different approaches that can be taken depending on the circumstances that exist.With this in mind, we will look at third party supplemental needs trusts in this piece.Government Benefit EligibilityA very significant percentage of people with disabilities rely on Medi-Cal as a much needed source … [Read more...]
Trust Lawyers Discuss the Benefits of Pooled Trusts
If you have a loved one with special needs, you may want to consider creating a special needs trust to help provide for their care. Special needs trusts are very useful because they allow those with special needs to maintain sufficient resources while protecting their eligibility for government benefits. There are many different ways to create and fund a special needs trust. Using a pooled trust in your special needs planning is one good option to consider. Let our trust lawyers explain the … [Read more...]
Free Report: California Special Needs Trusts
A Special Needs Trust can be established during the lifetime of the caregiver, as well as, through the last will and testament. The trust becomes effective when it is signed and notarized by the grantor (the person creating the trust). A tax identification number is required from the IRS. Then a bank account can be opened with a minimum deposit. After that, the trust can be funded through a variety of estate planning tools.Topics covered in this report include: Defining Special Needs What … [Read more...]
