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Special Needs Trust Planning

Many of our clients are not aware of the fact that leaving an inheritance to a beneficiary that currently receives public benefits can actually disqualify that beneficiary from receiving those benefits and potentially place them in a less secure economic situation than they were previously in.

Special Needs Trust Planning allows you to leave a gift to a loved one that receives public benefits while not disqualifying him from receiving those funds. While a special needs trust may be established during the lifetime of the donor as an independent irrevocable trust, it may also be drafted into a standard revocable living trust, ensuring that after the donor passes away, the special needs beneficiary will receive his inheritance in a Special Needs Trust, allowing him to continue to benefit from public assistance.

To learn more about Special Needs Trust Planning to better protect your family member or beneficiary, contact your local Estate Planners at Chauvel & Glatt.

The material in this article, provided by Chauvel & Glatt, is designed to provide informative and current information as of the date of the post. It should not be considered, nor is it intended to constitute, legal advice or promise similar outcomes. For information on your particular circumstances, please contact Chauvel & Glatt at 650-573-9500.

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