A sad case currently before the San Francisco Probate Court, In the Matter of the Fiorani Living Trust, deals with the tragic issue of what happens when a person abuses his position as trustee over a special needs trust meant to protect an individual who has developmental disabilities.
Probate, Trusts, and Estate Law Blog
Topics: estate planning for special needs, SNT, special needs trusts, planning for child with substance abuse problems, Special Needs Trust, San Francisco probate, elder abuse, dependent adult abuse, use of life insurance in estate planning, SNTs
Special children require special estate planning. If the child is receiving government benefits, it is especially important to let family members know that their well-meaning gifts must be carefully planned. For example, a well-meaning loved one could accidentally disqualify the child’s government benefits.
Topics: estate planning, estate planning strategy, estate tax strategy, advanced estate planning, divorce, beneficiary of will, designated beneficiary, leave my house to my children, estate planning for special needs, SNT, special needs trusts, planning for child with substance abuse problems, Special Needs Trust, Revocable Living Trusts, parent to child transfers