Santa Clara County Attorney Can Certainly Help Create A SNT

by Adam Kellar

For families of people with disabilities, there are many factors to be considered as a family unit to ensure their loved one is looked after properly. One important element that must be thought about is the finances that will provide for the needs of a disabled child or adult when there aren't any members of the family available to care for them. A Santa Clara county attorney can greatly assist when determining which details of a special needs trust California will regard as most appropriate for the particular situation.

Special needs trust: What are they?

A special needs trusts (also referred to as supplement needs trust) is completed to ensure that financial expenses related to caring for a disabled person are taken care of. A Special needs trust lowers the stress felt by families who are absent and not able to care for their loved one.

Why must a person establish a special needs trust rather than transferring the money directly?

Special needs trusts allow a person to get money that has been left for them without disqualifying them from special governmental assistance to which they might also be entitled. San Jose attorneys can be a helpful resource for working out how a SNT will affect governmental entitlements.

What information has to be included in a SNT?

When a Santa Clara county attorney helps to draft a special needs trust, California will require it states how a person wishes the appointed trustee to specifically manage the trust funds.

How do trustees manage the money put aside in SNTs?

Following the creation of the SNT by a San Jose trust attorney, the trustee is wholly accountable for managing and distributing the funds. Special needs attended to by the trustee may include: clothing, food, entertainment, health care, transportation, personal care, rehabilitation, hobbies and other forms of specialized care.

Are these SNT's required if an irrevocable life insurance trust has previously been established?

An irrevocable life insurance trust (ILIT) can help as long as the SNT is the named beneficiary instead of the child or adult directly. This is applicable because a gift that is given via the ILIT it can mean that the person can be then unable to receive any further government assistance because their income has increased. Having a San Jose trust Attorney to produce and name a SNT as the beneficiary creates a win-win situation for both the giver and the receiver.



An <a href="http://www.lonichandpatton.com/estate-planning-attorney-san-jose.php">estate planning attorney San Jose</a> from Lonich & Patton LLP can help with <a href="http://www.lonichandpatton.com/estate-planning-in-california.php">estate planning in California</a>. Be sure to check out Lonichandpatton.com for more details.

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