Despite all the dos and don’ts associated with estate planning and elder law, it’s good to know there is something straight-forward, impactful, extremely sensible, and relatively simple that can be implemented without many of the usual complexities of planning, and with an element of joy. This holiday season, consider establishing a third-party supplemental needs trust for the benefit of a family member with disabilities. Another person such as the parent(s) of the person with disabilities may or may not have already established such a trust. Regardless, your establishment and funding of a third-party supplemental needs trust will build, or continue to build, a world of assistance for the beneficiary outside of and in addition to the traditional world of public benefits he or she may receive currently or in the future.
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