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5 Helpful Facts About Special Needs Trusts in California. As you begin the process of creating an estate plan in California, it is important to carefully consider any special circumstances that may affect your plan. If you have a disabled or mentally ill beneficiary, your Orange County estate planning lawyer can help create a plan that is specifically designed to protect the inheritance of your loved one. As part of this plan, you may create a special needs trust. The following is an overview of this type of trust.

As with any type of California trust, the trust is created when property is managed by a person for another person’s benefit. There are many different types of trusts, however. Each type of trust has unique benefits.

Below are some helpful facts about special needs trusts in California:

  1. A special needs trust can be set up when a beneficiary lacks the mental capacity to manage their own finances.
  2. A special needs trust can be drafted so that it accommodates the specific needs, lifestyle, and future of the beneficiary.
  3. A special needs trust can be drafted to ensure that the beneficiary will not lose the ability to receive certain government benefits as a result of the inheritance.
  4. A family member, trusted advisor, or professional trustee can be appointed trustee of the special needs trust.
  5. A special needs trust can protect the trust assets from creditors of a beneficiary.

To learn more about special needs trusts and whether this type of trust might be right for your family, contact a knowledgeable Orange County estate planning lawyer for guidance. Special needs trusts must be carefully tailored to the unique needs of your family.

5 Helpful Facts About Special Needs Trusts in California. It is important to begin the process of creating your estate plan because if your loved one receives an inheritance outright he or she may lose valuable government benefits as a result. Call our office of experienced Orange County estate planning attorneys today for assistance with creating a trust. Contact us today at (714) 459-5481 for a consultation.

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