Setting up a special needs trust

When it comes to estate planning, you may have a number of choices to consider. However, it is important to assess your individual situation and move forward with a plan that will work out best for your circumstance. For example, if you are disabled, or your loved one has a disability, you may want to look into a special needs trust. At Joseph A. Ledwidge, we know how confusing estate issues can be for people in Jamaica, and all across New York.

Special needs trusts can be advantageous for a variety of reasons. If you are disabled and have assets that interfere with your ability to receive government benefits, a special needs trust could allow you to remain eligible for these benefits. However, it is essential to carefully examine your different options before making a decision.

Special needs trusts and all other types of trusts may offer additional benefits, as well. By setting up a trust, you can secure your assets and help make sure that they are managed according to your wishes after you pass away. By establishing an effective trust, you may also be able to enjoy greater peace of mind.

For families, the loss of a loved one can be especially challenging and, in some cases, can even lead to a contentious dispute. However, trusts can help alleviate these difficulties. If you browse over to our estate administration page, you can read more information that is related to special needs trusts and other considerations concerning this area of law.