Comments on: Creating a Special Needs Trust

By: Ron Russell

Ron Russell — Sun, 18 Apr 2010 02:01:53 +0000

My wife has a special needs trust (SNT) and every two years she is contacted by her attorney about preparing her “account current” which is very expensive. Is her attorney the only one who can prepare an account current, or can someone else do it?
Is there any information on the Internet explaing how to prepare an account current?

By: Types of Living Trusts | Good Financial Cents

Types of Living Trusts | Good Financial Cents — Wed, 28 Jan 2009 20:47:53 +0000

[...] type of trust could be special needs trust. Special needs trusts, or supplemental needs trusts, provide the means to care for a disabled child (or adult) after the [...]

By: Nicholas

Nicholas — Sat, 13 Sep 2008 23:25:42 +0000

Ouch, bet that lawyer got you for some good bit of money but at least you didn’t have to research all the relevant state laws, which you would of had to do with a generic legal form.

By: Carnival of Money Stories #37 and #38 « Carnival of Money Stories - Read About Personal Finance

Fri, 14 Dec 2007 20:11:59 +0000

[...] My Dollar Plan and Creating a Special Needs Trust. [...]

By: Madison

Madison — Thu, 13 Dec 2007 15:13:07 +0000

@BigRed: Glad it helped! It really is one of those things we shouldn’t put off.

By: BigRed

BigRed — Wed, 12 Dec 2007 17:09:38 +0000

Hi! I’m the person who asked about a special-needs trust for my daughter on The Simple Dollar–thanks a million for this posting. I know what I will be doing very soon (Evan, I’d love to talk to you–what is your email?)

Laura

By: The Simple Dollar » The Simple Dollar Weekly Roundup: Ice Storm Edition

The Simple Dollar » The Simple Dollar Weekly Roundup: Ice Storm Edition — Wed, 12 Dec 2007 14:01:03 +0000

[...] Creating a Special Needs Trust Several readers had mentioned this topic and I had been wondering exactly how to address it. Thankfully, Madison over at My Dollar Plan wrote a very nice overview of what a special needs trust is and why someone who needs to care for a person may want to look at one. (@ my dollar plan) [...]

By: Carnival of Money Stories #38 | Cash Money Life

Carnival of Money Stories #38 | Cash Money Life — Tue, 11 Dec 2007 12:35:55 +0000

[...] presents Creating a Special Needs Trust posted at My Dollar Plan, saying, “We recently set up a special needs trust for for a family [...]

By: Madison

Madison — Sat, 08 Dec 2007 04:54:14 +0000

@ Evan: Great advice! The parents didn’t write one, since I am the next trustee after they die and very involved. However, I should encourage them to write one in case I die before he does. Thanks for bringing it up. That reminds me, I also want to write a letter of intent to go with our wills for our children.

By: Evan

Evan — Fri, 07 Dec 2007 19:36:31 +0000

Just stumbled upon your website as a link from another PF Blog (I love these things).
PLEASE, PLEASE, PLEASE make sure you have a letter of intent to go along with your SNT! It is not a legally binding document but rather gives insight to the next care taker what your child needs for daily happiness. Disclaimer: I am the director of financial planning at a wealth managment firm (with a law degree and just completed a course in special needs planning). If you have any questions please do not hesitate to Email me