by Thorin Blitz, Esq. | Mar 27, 2023 | Estate Planning, Trusts
Imagine this situation: You don’t have a Will, and you know you should. So, you schedule an appointment with an estate planning attorney and ask them to draft your Will. After explaining your goals, the attorney suggests creating a trust in addition to your...
by admin | Jul 2, 2022 | Trusts
Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their work. The amount of compensation depends on the type of trustee and the complexity of the trust. Depending on the trust, a trustee’s duties can...
by admin | Feb 8, 2022 | Trusts
One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances. A grantor trust is any trust in which the...
by admin | Jan 29, 2022 | Trusts
One of the most important roles in a special needs plan is that of trustee, the person who administers a special needs trust (SNT). Of a trustee’s many responsibilities, record-keeping is perhaps the most crucial. Because the trustee is managing accounts on behalf of...
by admin | Jan 25, 2022 | Trusts
If you have a child with disabilities, it is crucial to set money aside for the child’s future. At the same time, you need to consider your child’s access to public benefit programs such as Medicaid and Supplemental Security Income (SSI), as well as the state and...
by admin | Oct 2, 2021 | Special Needs, Trusts
Among the costs of caring for a dependent with special needs are the fees for professional advice. Some families are tempted to save on these costs by setting up a plan on their own. This can be attractive because so much information is available online, free of...
