One of the more common first conversations a special needs planning attorney has with a new client is the person asking the attorney for a special needs trust (SNT) to manage the future inheritance for their loved one who may already be receiving public benefits. (You can read more specifically about SNTs here.)
Knowing that an SNT is likely going to be necessary for any of your estate beneficiaries is a great first step, but just asking an attorney to create an SNT likely won’t be enough to meet your long-term planning objectives. As you embark on this project with a special needs planning attorney you should be ready to address the big picture of your whole estate plan.
No doubt creating an estate plan can feel overwhelming. You may start the process thinking you just need something simple, and along the way become discouraged with your attorney’s extensive intake worksheet and probing questions.
However, rest assured that the work you put in now will be worth it. A thoughtful and comprehensive estate plan can provide for a smooth and relatively drama-free estate administration, alleviating stress during a time that is already one of great sadness and personal upheaval for your family. To accomplish this desired outcome, your candor and contribution are of critical importance. Empowered with this information, your attorney will counsel you in developing the best estate plan possible and making sure all pieces of your unique estate are best coordinated with your loved one’s SNT.
Planning for the long-term care of a loved one with disabilities requires careful legal and financial planning. One of the most effective tools available is a special needs trust, which is designed
