Category: Special Needs Trusts

Many Illinois residents who have children or other relatives with disabilities choose to create third-party special needs trusts for those individuals, which ensures that they will have the means to cover certain expenses. However, creating this type of trust can disqualify disabled individuals from need-based government assistance. Fortunately, when trusts are set up correctly, disabled […]

In an effort to ensure that their assets and possessions go to certain family members or charities, many people create estate plans by establishing a trust or writing a will. Wills and trusts can also be used for other purposes, including establishing guardianship over a minor child or designating someone to hold power of attorney […]

Anyone Could Have Special Needs Provided By: Alan G. Orlowsky A special needs trust is specially designed to hold the inheritance of a beneficiary, and to be used for needs above and beyond those covered by government programs. These trusts contain instructions that allow the Trustee to meet the needs of the beneficiary, but prohibit […]

Establishing a Special Needs Trust in Illinois By Alan G. Orlowsky In decades past, parents with disabled children only had two options for their care: disinherit the child so that they could receive government benefits or leave enough money in a traditional trust and hope that the money is used properly for care. However, people […]