Fiduciary Services And Trust Administration
Being trustee of a special needs trust may be very different from anything you have done in the past. The rules of trust administration and benefits eligibility are complex. The purpose of a special needs trust is to hold and use assets for a beneficiary in way that will exclude these assets from being counted as available resources in determining eligibility for certain public benefits.
The way the trustee uses the trust funds may also affect the beneficiary’s eligibility for public benefits, so it is important that the trustee understand the terms of the special needs trust, the eligibility rules for the beneficiary’s benefits, and the responsibilities of a trustee.
We offer ongoing support as counsel to trustees of special needs trusts; our attorneys are also available to serve as trustees.
We work closely with state and federal government agencies regarding legislation, regulations and policies that affect the use of special needs trusts. We stay at the forefront of changes to benefits eligibility rules and special needs trusts.
If you are the current beneficiary of a trust and want to understand how the document affects you, we are also available to assist you. We often consult with clients related to their rights under a trust. We can also review trusts and other planning documents you have created in the past, and advise you if updates are recommended due to changes in the applicable law, policy or practice.
If you are serving as trustee of a trust and need assistance understanding your responsibilities, or if you are the beneficiary of a trust and want to understand how your trust works, or if you are looking for an attorney to serve as trustee of a special needs trust, talk with an attorney at O'Byrne Law in a free 15-minute phone call. Fill out our online contact form or call us at 410-891-6685.