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Trust Tag

Sussan, Greenwald & Wesler > Posts tagged "Trust"

When (and How) to create a Special Needs Trust

A Special Needs Trust is one that is designed to supplement the government benefits that your disabled child receives. Because of this, they are sometimes referred to as Supplemental Needs Trusts. Once parents have decided to create a Supplemental Needs Trust for their son or daughter, they may wonder when to move forward. Since the trust will help serve as a source of financial support for your special-needs child as they age, the answer is simple: the sooner the better. Life can be unpredictable, and since the trust is designed to help finance necessities that aren’t covered by governmental benefits, it’s best...

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The benefits of a Supplemental Needs Trust for special needs children

As a child grows up, a parent’s biggest financial concern might be saving for college. But it might be wise to look ahead even further to help ensure your son or daughter is financially prepared for their future. Fortunately, that’s where a Supplemental Needs Trust (SNT) comes in. These special trust funds were instituted to help parents of special needs children have a secure place to save money for their child’s future, while ensuring that they remain eligible for their governmental benefits. The funds are designed to supplement your child’s future benefits - not replace them — and ultimately enable a...

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