“Thought for the Day” #610 – by Stephen R. Elville, J.D., LL.M.

October 30, 2015

Grandparents are often concerned about planning for their grandchildren with special needs, especially where the parents of the grandchild either cannot or will not engage in appropriate special-needs planning.  There are good news solutions here – grandparents can either establish a third-party special needs trust (themselves) for the grandchild and facilitate a path for not only the parents to leave money directly to that trust, but also other family members; or, finance the cost for the parent(s) to establish the needed third-party special needs trust.