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Is it easy to establish a proper Third-Party Special Needs Trust?

April 26, 2017easy third-party Trust

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Is it easy to establish a proper Third-Party Special Needs Trust?

1 Answer

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While the principles involved in third-party special needs trusts are simple, there are a myriad of choices involved in the actual drafting of a trust. In addition, the administration of a special needs trust can be extremely difficult. A seasoned lawyer, familiar with public benefits programs and special needs trust provisions, should always be involved in preparation of a third-party special needs trust. While many legal matters can be undertaken without a lawyer, or with a lawyer with general background, special needs trusts are complicated enough to require the services of a specialized practitioner.