Special Needs Planning


	The Trustee's Role The responsibilities of a Special Needs Trust trustee are extensive and complex, and may include: Understanding the beneficiary's situation and needs Receiving and conducting an inventory of trust assets Collecting income and prudently managing investment assets Maintaining records for all income and principal transactions as well as preparing periodic accountings Preparing and filing federal and state fiduciary income tax returns annually Obtaining IRS tax registration for the trust Establishing accounts for management of trust assets Becoming familiar with the language and intent of the trust document Arranging for the safekeeping and security of assets Monitoring all disbursements to help ensure maintenance of any benefit entitlements Hiring and regularly monitoring agents and service providers Maintaining communication with the beneficiary and all service providers Assisting in emergency situations to preserve the lifestyle of the beneficiary as the trust may allow

Special Needs Planning Podcast – Advice on planning for special needs and how Life Insurance plays a major role in securing the financial future for a child with special needs.

Articles

10 Steps To Special Needs Planning For Families Of Individuals With Disabilities

Financial & Estate Planning For Families With A Special Needs Loved One

10 Pieces Of Critical Information For Parents Whose Child Has Special Needs

The Trustee's Role

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