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Reasons for a Special Needs or Discretionary Trust
The most natural reason to draft a Special Needs Trust is to provide for children or adult relatives who have developmental or other disabilities. Similar Discretionary Trusts may be appropriate for beneficiaries who are:
- In a nursing home
- Receiving Medicaid
- Social Security Disability
- Or other forms of public assistance
- Or even for beneficiaries who suffer from a substance abuse problem
Special Needs and Discretionary Trusts place a great deal of power in the hands of the trustee. Eufinger Law Offices will help you understand how these Trusts work, how to select the best trustees available, and how to balance the interests of your other family members.
At Eufinger Law Offices, we pride ourselves on keeping the cost for these Trusts affordable. To learn more about Special Needs Trusts and other Discretionary Trusts that may benefit your family, please contact Eufinger Law Offices at 937.642.1819.