Getting a client’s signature on a Special Needs Trust (SNT) is not the epilogue
You need to make sure your clients are set to manage the trust correctly for possibly years by using Alabama Family Trust and the investment services of Warren Averett Asset Management.
For a refresher on the different types of Special Needs Trusts, check out this blog post, SNT 101 from Alabama Family Trust.
Here are some situations that may justify a Special Needs Trust:
- Families making estate plans and wanting to leave assets to heirs who may currently be disabled or may become disabled in the future – consider Third-Party Revocable or Irrevocable Special Needs Trusts
- Elderly individuals who require skilled nursing care and do not want to spend-down assets to become financially eligible for Medicaid benefits – consider a First-Party Irrevocable Special Needs Trust
- Disabled clients who receive personal injury settlements or judgements - consider a First-Party Irrevocable Special Needs Trust.
- Disabled clients who received assets through an inheritance, gift, child support, or alimony – consider a First-Party Irrevocable Special Needs Trusts
You can also find more information on these Alabama Family Trust sites: information for attorneys ,Special Needs Trust documents, and our webpage for lawyers.
Alabama Family Trust does not provide legal advice to the public.
We are a resource in your legal toolkit to use when you work with clients who can benefit from Special Needs Trusts. Give us a call if you have specific questions or send us an email at info@alabamafamilytrust.com.
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