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Special Needs Archives - Michael Weinstein
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Tag Archive: Special Needs

Planning for the Disabled: Supplemental Needs Trusts

Wills, Trusts and Planning for those with Special Needs WHO NEEDS A WILL? Anyone who is married, has children, and does not want their estate administered by the pre-set laws of the state. If you do not have a will, your assets will pass as dictated by law, which may not necessarily be how you want your estate administered. For example, if you are married and have children, without a will your spouse will not automatically inherit your entire estate; your spouse and children would share your assets, even if your children are minors. PLANNING FOR THOSE WITH SPECIAL NEEDS… If assets are left to a disabled beneficiary, the beneficiary could be disqualified from receiving state or federal benefits. To avoid this disqualification in the past, families would disinherit disabled family members and leave assets to someone else who agreed to “take care” of them. In 1993 Congress enacted laws

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