Why a Special Needs Trust is Crucial for Your Child’s Personal Injury Settlement: Insights from a Rogers Trust Lawyer
When a child with disabilities receives a personal injury settlement, parents often face a crucial decision: how to manage these funds without jeopardizing essential government benefits. As a Rogers trust lawyer, I’ve helped many families protect their children’s financial future through special needs trusts, particularly after receiving personal injury settlements. The Hidden Risks of Direct […]
Bella Vista Special Needs Trust Attorney: How to Protect Your Loved One’s Future
If you have a loved one with special needs, you know how important it is to ensure they are taken care of for their entire life. One way to do this is by creating a special needs trust, which is designed to provide financial support while maintaining eligibility for government benefits. However, creating a special […]
Leave a Special Needs Child an Inheritance (Video)
You can leave a special needs child an inheritance and protect their benefits. Hi. I’m Gary, the owner of DeWitt Law. I’ve helped 1000’s of people here in NW Arkansas protect family, protect themselves, avoid probate, and protect assets for their peace of mind. You don’t have to leave a special needs child or a […]
Understanding Special Needs Trusts Video
An Understanding of special needs trusts is important for those people in your life that need protection. Special needs trusts help protect special people. Hi, I’m Gary DeWitt, Estate Planning Attorney in Northwest Arkansas. Understanding Special Needs Trusts: Major Types Special needs trusts come in many different types that fulfill different purposes. For your understanding, […]
What Kinds of Special Needs Trust?
What Kinds of Special Needs Trust? A Special Needs Trust is a trust established to supplement government benefits. Special needs trusts have four major types. As with any special needs trust, these supplement federal aid and a special needs trust cannot pay for items that the aid is paying for. Summary of Special Needs Trust […]
I Have Twins That Are Disabled, Can I Use One Trust?
As with all legal questions, it depends… First, do they both have the same level of disability? Will they both qualify as disabled under the Social Security Definition? If so, then you can setup one third-party Supplemental Needs Trust (Special Needs Trust) to serve both of them. If one of the twins should pass before […]
What is a Supplemental Needs Trust?
A Supplemental Needs Trust (or Special Needs Trust), commonly abbreviated as SNT, is a Trust setup to supplement people on means tested programs. If setup correctly, a Supplemental Needs Trust (SNT) will not affect a person’s means tested benefits. SNTs come in two major types: The first party or self-settled and the third-party trust. First […]