“Let’s Take a Look at Our Service Details”
A special needs trust is established solely to benefit a disabled or mentally ill recipient.
There are numerous advantages to using a special needs trust in estate planning:
1.Income Tax Deductible:
The money you put into a special needs trust is tax deductible. Consider establishing a trust to increase the amount your loved one receives.
2.Continued Assistance:
The trust’s trustee will have entire control over the trust’s assets and will be responsible for spending money on your loved one’s behalf.
3.Protect Yourself From Creditors:
A lawsuit can’t be filed against a special needs trust by creditors. The beneficiary’s special needs trust monies are spent.