Ideally, it’s important to get a trust set up prior to age 17 because it takes anywhere from three to six months to get done. It needs to be done by an attorney in the state that you live in because they know the rules, and it should be adjusted every three to five years based on rule changes. The sooner you get done, the better. It is because you’re protected and it allows you to keep money away from creditors. That’s the key – to keep money away from the creditors.
Trusts. They’re important for both Special Needs parents and standard normal children because it puts money in a protected form where creditors cannot attach
There are many options for funding a trust. You could use a life insurance policy. You can use an annuity. You can use a
If you’re a parent with a special needs child, thinking about the future can be extremely stressful. Not so you only need to plan for
The average cost to protect and raise a special needs child has been calculated to be around $2.4 million. Once your attorney sets up a
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