There are invariably going to be a number of different people on your inheritance list. Each person is in a unique situation. You should take this into account when you are planning your estate, because there is no one-size-fits-all approach. There are various different ways that you can arrange for assets to be transferred to your loved ones after you pass away. The optimal course of action will vary on a person by person basis. For example, you may have a spendthrift heir on your inheritance … [Read more...] about When Do I Need a Special Needs Trust?
There is no one way to plan an estate. There are various different courses of action that would be appropriate depending on the specific circumstances in question. In Connecticut, for example, suppose you wanted to provide resources for someone who has a disability. This person is relying on Medicaid and Supplemental Security Income to pay for expensive care and provide a little bit of monthly income. You are going to utilize a last will to leave behind assets to all of your heirs. You look at … [Read more...] about Special Needs Trust in Westport CT: How Much Does It Cost?