Planning an Inheritance for A Child or Grandchild on Public Benefits: The Special Needs Trust?

Q.  One of my grandchildren has a disability and receives SSI and Medi-Cal. I would like to leave him a bequest from my estate when I pass. But won’t doing so cause him to lose his public benefits? A.  Not if you plan correctly. As you probably know, your grandson cannot have more than $2,000… Read More »

Decanting: A New Way To Reform A Trust After the Death of the Trustor

Q. My brother created a trust a few years back, naming our sister as one of his beneficiaries and me as the Trustee. He recently died and we now have a problem:  our sister receives public benefits (Medi-Cal and SSI) and the receipt of an inheritance would cause her to lose those benefits.  Is there… Read More »

New Law Empowers the Disabled Under Age 65 to Create Their Own Special Needs Trust

Q.  I hear that President Obama just signed a new law that makes it easier for disabled persons to create their own Special Needs Trust. Do you know anything about this? A.  Yes. With strong bipartisan support, just last week President Obama signed a comprehensive piece of legislation called the 21st Century Cures Act, primarily… Read More »

Planning Your Affairs When Faced with a Chronic or Terminal Illness

We mention often on our blog that each family will have unique circumstances and unique estate planning needs—this is especially true of families in which one member has a chronic or terminal disease such as cancer, diabetes, or, as mentioned in this article in Forbes, multiple sclerosis. For most people, the documents in their estate… Read More »