An estate plan is a set of powerful tools that protect your wealth and furnish…
The Special Needs Trust Fairness Act
We are excited to learn about passage of the Special Needs Trust Fairness Act as part of H.B. 34. This Act will allow a beneficiary with special needs to sign their own first-party special needs trust. Previously, only a parent, grandparent, guardian or court could establish such a trust. The National Academy of Elder Law Attorneys (NAELA) led the effort to get this important Act passed. It will go into law immediately after being signed by the President, which we expect to happen shortly.
ElderDocx® is being updated right now to allow you to choose the beneficiary as the grantor who establishes and signs a self-settled special needs trust with a notation that the trust should not be signed until the Act is signed into law by the President.
Each month our office provides free educational workshops. These workshops are designed to not only answer your questions about estate planning, but also to make you aware of numerous often unknown options. We have a few seats still open for our workshop in late January, and I would like to invite you and your loved ones to attend. Please join me to learn more about the estate planning options available to you, or contact our office today to schedule a consultation.
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