The Thy Will Be Done Law Blog
The Thy Will Be Done law blog. From California estate planning law and celebrity Wills (or lack thereof, a la Prince) and probate disputes (Aretha Franklin) to estate matters around the world (the estate of Queen Elizabeth II) and in antiquity (Attalus III, who willed his kingdom to the Roman Republic), as well as pieces of a more academic nature, join attorney Ryan J. Casson for interesting and informative legal overviews and inheritance accounts from the trusts and estates world. Please click the Legal Disclaimers link below and be reminded that nothing on this website may be used as legal advice.
What are California Third-Party Special Needs Trusts
Estate planning is very critical for families with loved ones who have disabilities and depend on public benefits like Supplemental Security Income (SSI) and Medi-Cal (California’s Medicaid program). Why? Because SSI beneficiaries often become ineligible for “means-tested” public benefits when they receive an inheritance outside of an appropriate trust vehicle.
Do I Need a Third Party Special Needs Trust or a Revocable Living Trust: Special Needs Planning Fundamentals
Do you have a special needs child? Do you have a child on the autism spectrum? Do you intend on leaving an inheritance to an adult beneficiary who struggles with severe depression? Is a beneficiary of your estate plan “on SSI?” Do you anticipate someone else, such as a grandparent, leaving an inheritance to your special needs child? If you answered yes to any one of these questions, then you should consider creating a particular type of trust known as a third party special needs trust (SNT), also sometimes called a supplemental needs trust.