Special Needs
Administration
Tips for administering
Keys to Administering Special Needs Trust
The chart below outlines
What can a Special Needs Trust pay for without the risk of losing benefits?
The distributions must be for the beneficiary's supplemental needs to enhance their quality of life, and can't jeopardize their eligibility for means-tested government benefits like Supplemental Security Income (SSI) or Medicaid.
Permitted Payments
Below are a list of permitted payments that would avoid "In-Kind Support and Maintenance) payments to the beneficiary and put the beneficiary at risk of loosing their benefits.
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Complete Estate Plans for Parents with Young Children
Our estate plans include everything you need to protect your children at a simple flat fee.
Basic Estate Plan
for Children
$1,750 for 1 person
$1,950 for 2 persons
What Is It?
Includes all essential estate planning documents for parents plus a revocable trust to manage property for young children. This plan is comprehensive but it still requires probate to distribute some property upon death.
What's Included?
● Consultation to customize your plan
● Last will & testament
● Revocable trust for support of children
● Instructions and forms to guide the trustee to administer the trust
● Power of attorney
● Healthcare directive
● Appointment of guardian
● Appointment of funeral representative
● Estate planning roadmap
● Witness and notarize documents
● Heavy duty binder for original documents and flash drive for copies
Who's It Designed For?
Designed for anyone who:
● Does not desire to avoid probate
● Has 1 or more young children (or plans to)
● Has relatively simple estate planning needs
● Needs a complete estate plan for young children at a lower cost than our Living Trust Plan
Why You'll Love It
● Lowest cost complete estate plan to manage and protect assets for young children
● Completely customized documents to your specifications
● Designate a trustee to manage property for children until a specified age
● Designate a guardian to care for children until adulthood
● Feel confident that your assets will be handled for children as you direct
● Includes instructions and forms to guide trustees to handle trust property
Basic Estate Plan
for Blended Families
N/A for 1 person
$2,450 for 2 persons
What Is It?
Includes everything in the Basic Estate Plan for Children, plus an additional trust to manage property separately for the children of each parent in a blended family.
What's Included?
● Consultation to customize your plan
● Last will & testament
● A separate revocable trust for the children of each spouse
● All instructions and forms needed by the trustee to administer each trust
● Power of attorney
● Healthcare directive
● Appointment of guardian
● Appointment of funeral representative
● Estate planning roadmap
● Heavy duty binder for original documents and flash drive for copies
Who's It Designed For?
Parents of blended families who:
● Have children from previous relationships
● Do not desire to avoid probate
● Desire to set aside assets (e.g. life insurance or retirement accounts) solely for their children
● Need a complete estate plan for children at a lower cost than our Living Trust Plan for Blended Familes
Why You'll Love It
● Lowest cost complete estate plan to manage assets for young children of each parent in a blended family
● Ensures that children will be financially stable without meddling by a former spouse or partner
● Completely customized documents to your specifications
● Designate separate trustees to manage property for children of each parent until a specified age
● Designate separate guardians to care for children of each parent until adulthood
● Feel confident that your assets will be handled for children as you direct
● Includes instructions and forms to guide trustees to handle trust property
Living Trust Plan
$2,450 for 1 person
$2,750 for 2 persons
What Is It?
A Living Trust Plan uses a revocable "living" trust, along with several other documents, to manage and distribute your assets without probate court administration.
What's Included?
● Consultation to customize your plan
● Revocable ("living") trust
● Certificate of trust existence
● Authorization to disclose medical information
● Warranty deed to transfer real estate to trust
● Assignment of personal property to trust
● Agreement to transfer business assets to trust
● Trust funding instructions
● All documents needed by the trustee to administer the trust (trustee instructions, acceptance of trust, certificate of trust, notice to beneficiaries, and notice to creditors)
● Pour-over will
● Power of attorney
● Healthcare directive
● Appointment of guardian
● Appointment of funeral representative
● Estate planning roadmap
● Heavy duty binder for original documents and flash drive for copies
Who's It Designed For?
Designed for anyone who:
● Desires to avoid probate with maximum control over distribution of assets
● Wants to appoint a person to manage and distribute their estate
● Has minor children, or multiple adult beneficiaries, or relatively complex distribution plans for their property
Why You'll Love It
● Comprehensive estate plan to manage and distribute trust assets to any number of beneficiaries without probate
● Completely customized documents to your specifications
● Provides maximum control over distribution and administration of trust assets
● Designate a trustee to handle estate administration
● Designate a guardian to care for young children
● Feel confident that your assets will be distributed as you direct
● Includes instructions and forms to guide trustees to handle trust property without an attorney
Living Trust Plan
for Blended Families
N/A for 1 person
$3,750 for 2 persons
What Is It?
Includes everything in the Living Trust Plan, plus two (2) additional trusts to manage property separately for the children of each parent in a blended family.
What's Included?
● Consultation to customize your plan
● Joint revocable trust for both parents
● Separate revocable trusts for each parent's children
● Certificate of trust for each trust
● Authorization to disclose medical information
● Warranty deed to fund trust
● Assignment of personal property to trust
● Agreement to transfer business assets to trust
● Trust funding instructions
● All documents needed by the trustee to administer each trust (trustee instructions, acceptance of trust, certificate of trust, notice to beneficiaries, and notice to creditors)
● Pour-over will
● Power of attorney
● Healthcare directive
● Appointment of guardian
● Appointment of funeral representative
● Estate planning roadmap
● Heavy duty binder for original documents and flash drive for copies
Who's It Designed For?
Designed for parents of blended families who:
● Desire to avoid probate
● Have children from previous relationships
● Desire to set aside and manage assets solely for their own children
● Need a complete estate plan to manage property for children
Why You'll Love It
● Comprehensive estate plan to manage and distribute separate trust assets to any number of beneficiaries without probate
● Ensures that children will be financially stable without meddling by a former spouse or partner
● Completely customized documents to your specifications
● Provides maximum control over distribution and administration of trust assets for blended families
● Designate separate trustees to handle estate administration for children of each parent
● Designate separate guardians to care for children of each parent
● Feel confident that your assets will be distributed as you direct
● Includes instructions and forms to guide trustees to handle trust property without an attorney
Your Path to Peace of Mind.
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Get the personal estate planning guidance you need.