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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: davisgang90 on May 24, 2016, 06:58:24 AM

Title: Any one have experience with a Special Needs Trust?
Post by: davisgang90 on May 24, 2016, 06:58:24 AM

My middle son has autism and just turned 18.  We have gone to court to be named his guardians and are in the process of setting up a Special Needs Trust with our attorney.

Any mustachians have experience with these?

Title: Re: Any one have experience with a Special Needs Trust?
Post by: BFGirl on May 24, 2016, 11:13:56 AM

I am an attorney for a court and I work with guardianships.  Our state laws give us the authority to set up trusts for those under guardianship (or as an alternative to guardianship) and we routinely create trusts which are special needs trusts with assets that belong to the person under guardianship.

I assume that you are creating a special needs trust with your own assets or assets that will be in your estate when you pass.

I don't know that I can answer a lot of specific questions for you, but having an attorney do this is the right way to go.