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When It Comes To A Supplemental Needs Trust, Out of Sight Should Never Be Out of Mind

By Kristina R Haymes

From the desk of Kristina R. Haymes, San Diego Estate Planning Attorney, Living Trusts, Wills, Probate Attorney You?ve been a responsible planner for your family?s future, especially your child with special needs. You?ve met with an attorney, set up a Supplemental or Special Needs Trust and you can breathe a sigh of relief.  Your work is done, right? Wrong. Funding and forgetting about a Trust can be as detrimental as not forming one at all. And having one that isn?t properly written can render it completely useless.  Supplemental Needs Trusts (sometimes called Special Needs Trusts) allow people with mental or physical disabilities, or even people with chronic or acquired illnesses, to have unlimited assets held in Trust for their benefit.  If you have a child, grandchild, or even a spouse with a disability, a Supplemental Needs Trust can ensure that they have the funds they need to maintain their lifestyle after you?re gone...continue to full post

Full post as published by Mediation Marketing Tips on July 15, 2010 (boomark / email).