Latest / The Red Wagon Estate Planning & Elder Law Show
Special Needs Trusts
In this episode of the show, we explain what you need to know about special needs trusts. It is important to first look into obtaining a Power of Attorney, and if the disabled individual is unable to do so, go through a guardianship hearing. When planning for individuals with special needs/disabilities, there are third-party options, first-party options, and a few substitutes that can also be viable options.
The most important thing is choosing an option where an individual can receive money through the trust without losing all of their government benefits. The best thing to do is seek…
The skinny
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