When a person has a physical or mental disability and lacks the capacity to manage his or her own financial matters, it may be necessary to create a special needs trust. A special needs trust is managed by a trustee. The person for whom the trust is managed is called...
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Month: April 2021
How a special needs trust helps your family
When it comes to estate planning, parents of children with special needs have added concerns. They understand the likelihood of their children outliving them. However, such parents want to make sure that their special needs children – who are not independent in many...
Will children need to pay for their parent’s nursing home bill?
Many Woodbury area residents have had to make the difficult decision to place their loved one in a nursing home. There comes a time when an older person is no longer safely able to take care of themselves and nursing homes offer the level of care that they need. But a...