SNTs
Our recent blogs have discussed when to create a Special Needs Trust (SNT) including the various types of SNTs to consider. This week we will explain the critical importance of properly funding a Special Needs Trust. What does it mean to “fund” a trust? To put it simply, funding a trust means transferring assets into…
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In our April newsletter, we discussed the requirements of special needs trusts. We also mentioned that there are multiple types of special needs trusts. The best type to create depends on the situation. One option for Georgia families we are focusing on today is called a “pooled” special needs trust (also knows as a supplemental…
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Establishing a Special Needs Trust (SNT) can provide peace of mind for the families of disabled children and adults in addition to preserving eligibility for public benefits. So, what are the requirements for creating an SNT and is this a complicated process? There are some basic requirements for every SNT. A special needs trust document…
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Loved ones of all ages with special needs often have increased financial and care needs. Ensuring their long-term welfare presents unique challenges for disabled persons and proper estate planning is especially important. A Special Needs Trust (SNT) can provide the necessary financial support needed without jeopardizing the individual’s government benefits. SNTs can be a way…
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