Securing a promising and healthy future for your child may be one of the most important things you can do as a parent. Especially if your child has special needs that require specific medical attention. Developing a special needs trust with a lawyer can help you understand what exactly goes into a special needs trust and how it can be beneficial for your child in the long run. A lawyer can help you create a trust by drafting the initial document, assisting you in setting any particular stipulations, appointing a trustee, appointing a successor trustee, and finally funding the trust. From there, a lawyer can help you with any trust administration needs you may have. It’s critical that your trust is optimized to serve you and your family. Talk with one of our special needs trust attorneys today to help you get started on your trust.
Can a Special Needs Trust Attorney Help Me Adjust My Trust?
Circumstances in life change and our attorneys are here to help. Whether you need to make additions to a trust, including adding or rearranging property and even terminating the trust due to unforeseen challenges, a lawyer can help you adjust your trust on the fly to whatever fits your needs. You may need to change your successor trustee or add additional stipulations as to how funds may be used following your death. Whatever adjustments you need to make, we’re here to help.
What Types of Property Usually Go in a Special Needs Trust?
There are essentially no limits as to what kinds of property can end up going into your trust. From jewelry, stocks, bonds, savings, businesses, real estate, and more. However, because your child may need health care and not a piece of heirloom jewelry, you may sell these pieces of property in order to fund any health care that is not covered by the government. Once you pass away, your successor trustee can then determine what properties can be sold if your child needs more liquid assets to pay for their needs.
How Can a Special Needs Trust Attorney Make My Life Easier?
Coming up with a special needs trust can be complicated without the assistance of an experienced lawyer. When it comes to hugely important legal instruments that can help your child in the future, you don’t want to leave that up to chance. Our law firm can help you develop a special needs trust that encompasses all your concerns and sets your child up for a bright future. Call Thomas-Walters, PLLC today at (919) 424-8277 to schedule a free consultation.