by admin | Jun 1, 2021 | Special Needs, Trusts
A recent felony charge against the mother of a special needs child in Minnesota offers a good reason why an independent trustee of a special needs trust, or at least oversight over a family member serving as trustee, may be a good idea. Pamela Fischer, 66, of... by admin | May 10, 2021 | Special Needs, Trusts
A New Jersey man has been charged with stealing $330,000 from the special needs trust (SNT) of a man living in a long-term care facility. The case highlights the importance of having a professional trustee manage an SNT. According to a criminal... by admin | May 1, 2021 | Estate Planning, Trusts
With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps you can take to keep your estate from being taxed. An irrevocable life insurance trust allows you to pass on money to your heirs while avoiding both the federal... by admin | Apr 28, 2021 | Estate Planning, Trusts
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets. Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way to preserve assets for the future. A... by admin | Feb 8, 2021 | Special Needs, Trusts, Uncategorized
Caregivers took advantage of a disabled woman and her aging mother. Unfortunately, there wasn’t a trust set up to handle the large settlement received by the disabled woman. Protecting vulnerable beneficiaries from situations like this should be at the core of... by admin | Nov 24, 2020 | Trusts
Revocable trusts are a very popular and useful estate planning tool. But the trust will be ineffective if you do not actually place your assets in the trust. Revocable trusts are an effective way to avoid probate and provide for asset management in the event of...