A Special Needs Trust (SNT) is a type of trust that allows a disabled individual or chronically ill individual to receive income without hindering their eligibility for programs such as Social Security, Supplemental Social Security Income, Medicare, or Medicaid.
In the past month and a half I have noticed an increase in prospective clients wanting to know more about protecting assets for a child/beneficiary who has one or combination of the following issues: financial, medical, addiction, or spousal.
When developing an estate plan, it is paramount you understand how distributions work and what that means for your potential beneficiaries.
Death & Your Internet Self
People tell themselves, "How hard can it really be to get a will?" I can print it off the internet, have it signed and notarized, and BOOM, I'm covered. Cheap, Quick, and Easy.
Cheap, quick, and easy does not always equate to "legal and binding".
Benefits of Separate Share Trusts
How to Choose a Trustee
Copyright © Elder Law & Estate Planning Center, Brian T. Treacy, Esq.All Rights Reserved.
"Everyone, regardless of age, wealth, or circumstance, should have an estate plan."
A New Year means another list of "New Years Resolutions". One resolution that should be at the top of everyone's list is "Deal with my Estate Plan". Whether that means finally creating your plan, or updating an existing one, it does not matter.
Here is a basic idea of how to get started with this New Year's Resolution.
DIY Estate Planning:
A Disaster Waiting to Happen
New Years Resolution: Deal with Your Estate Plan
Why Should I Plan for My Internet Self?
I read an amazing New York Times article by Rob Walter entitled “Cyberspace When You’re Dead”, which discussed digital assets and what happens to them after death. The article was not specifically about estate planning and digital assets, but it was full of interesting ideas and stories about humanity and technology.
New Law: Special Needs Trust Fairness Act
"Failing to plan means you are planning to fail."
All Rights Reserved 2017
Elder Law & Estate Planning Center
Brian T. Treacy, LLC
The Elder Law & Estate Planning Center (located in Bluffton , South Carolina) is a full service South Carolina Estate Planning Law Firm. Elder Law & Estate Planning focuses on fundamental estate planning, Elder Law, Veterans benefits, wills & trust planning, powers of attorney, Medicaid application & qualification, long-term care planning, probate & estate administration, Medicaid crisis planning, special needs & disability planning, Aid & Attendance qualification, charitable planning, estate tax planning, and asset protection. Elder Law & Estate Planning services families and individuals throughout Bluffton, Beaufort, Hilton Head, and Hardeeville, SC
A trust is a legal arrangement where a “trustee” holds legal title to property for another person, called the “beneficiary”. When you create a trust, regardless of the type of trust, you will need to appoint a separate person or institution to be the trustee.
The type of trust you create will determine if your trustee is needed now or in the future.
Rebekah N. Freeman, Esq.
10 Pinckney Colony Road, #201, Bluffton SC, 29909
"Whether you are 18 or 80, estate planning is necessary for you."