“Thought for the Day” #818 – by Stephen R. Elville, J.D., LL.M.

October 6, 2016

Trustees of special needs trusts have significantly different needs than those of typical investors.  Where possible, they should work with financial advisors who are flexible and who already have experience investing the funds of special needs trusts.  Trustees should also be aware that hiring a poor financial advisor could lead to a breach-of-fiduciary duty claim against the trustee, so more detailed background checks and due diligence are required than if the trustee were simply an individual investor.