Special Needs Trust

If you have someone in your life with special needs, the best thing you can do for them is create a Special Needs Trust.

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Special Needs Trusts: What You Should Know

It’s important to understand that you can’t dissolve a Special Needs Trust, and they can be difficult to change or amend. This is not necessarily a bad thing, as it can offer asset protection, but it’s something to be aware of.

A First Party (or Self-Settled) Trust is generally funded by assets received from either an inheritance or a lawsuit. A Third Party SNT can be funded by a parents’ or grandparents’ Trust. And finally, a Pooled SNT puts together multiple beneficiaries’ Trust assets to create a larger asset base that’s managed by an organization and a professional Trustee.

Because there are three types of Special Needs Trusts and they are taxed in different ways, understanding each type can help you set up the most beneficial type of Special Needs Trust possible.

Most Special Needs Trust are designated a complex Trust for tax purposes. If this is the case, the Trust would report deductions, income and credits.

Create a Legally Valid Estate Plan in 3 Steps

Create your estate plan

Creating a will or trust through our platform is easy, and for your first time, we’ll ship your documents to you for free. Once you have your plan, make sure to get them signed, witnessed, and notarized to help ensure your plan is legally valid.

Schedule your signing ceremony.

Finding a notary, gathering your witnesses, coordinating your appointment—it can be a hassle. To make matters worse, not all notaries will notarize estate planning documents. We make this step much easier through our notary partners. Click here to log in to your Trust & Will account and view your notary options.

Sign, witness, and notarize.

Properly sign your documents in the presence of your witnesses and notary. After your witnesses also sign, the notary will provide their signature and seal. Then, safely store your documents for safekeeping. No need to mail your documents back to us.

Your dedicated support team.

Questions about your plan? Don’t rely on googling or guesswork—your support team is on the case. Even if we’re not in-office, we always respond as soon as possible. We’re here to make the process easy.

We’re available:

• Monday-Friday 7am-5pm PT