Trusts

Revocable vs. irrevocable trusts

Trusts are highly customizable estate planning documents, and can be adapted to many needs, but they generally fall into one of two categories: revocable or irrevocable. In one sense, the difference between these two types is as simple as their names: revocable trusts...

Considering a special needs trust

Many people create an estate plan with a loved one’s needs in mind. Sometimes, their loved one has a disability or other needs that require their financial support. A special needs trust can provide financial support to the person who needs assistance, while still...

Here’s how to best utilize a special needs trust

Recently on the blog we discussed special needs trusts and how they might benefit your estate plan. This week, we want to a take a closer look at these trusts so that you have a better understanding not only in regard to what they have to offer, but also where their...

Is a special needs trust right for you?

As a person ages, they may need to rely on government benefits such as Medicaid or Supplemental Security Income in order to pay for nursing home care and other personal care needs. However, in order to qualify for these programs, a person can only have a nominal...