Legal issues related to trusts take many forms, whether you are in the process of setting up an estate plan or are having trouble naming beneficiaries. Moreover, there are all sorts of different trusts that people create and our law office knows how crucial it is for people in Wakefield and across all of Massachusetts to move forward with these matters properly. If you are considering creating a special needs trust for a beneficiary who is mentally ill or disabled, you should find answers to any questions that you have.
Typically, special needs trusts will carry on until the beneficiary passes away or the trust's assets have been expunged. If you have a loved one with special needs, setting up this type of trust could benefit them tremendously. It is important to try to take care of family members and loved ones when possible, but you should also make sure that you have gone over the ins and outs of a special needs trust or another type of trust thoroughly. Sometimes, people have misconceptions or areas of misunderstanding with regard to trusts and this can lead to unintended negative consequences.
If you visit our estate planning section, you will be able to access a myriad of estate matters, from lowering estate taxes and protecting the trust's assets to avoiding probate. If you are in the process of creating a special needs trust, going over any relevant legal topics to ensure that your estate plan serves its intended purpose is critical.