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Special Needs Trusts in California

By Kristina R Haymes

From the desk of San Diego (Carmel Valley) Living Trust Attorney, Kristina R. Haymes: Serving San Diego County Families with their Estate Planning… I.  Special Needs Trust (or Supplemental Needs Trust) – There are two types of special needs trusts, those created by third parties (e.g. parents or grandparents) and those created by oneself for oneself (self-settled special needs trusts).  This post discusses third party special needs trusts.  It is important to note that self-settled special needs trusts have a lot of restrictions and often may require court approval. Third party special or supplemental needs trust are set up by a third party – a parent, grandparent, court, or relative.  John and Julie have a special needs daughter and they are concerned about their daughter’s ability to be self-sufficient and survive on her own when they are no longer here...continue to full post

Full post as published by Mediation Marketing Tips on September 12, 2010 (boomark / email).