A special needs trust (SNT) can be an invaluable planning instrument to set aside financial resources for the ongoing care of a disabled beneficiary. There are specific rules to follow when setting one up so it can be the most effective, and the help of a knowledgeable estate planning attorney is crucial.
An effective estate plan ensures that your wishes are fulfilled regarding assets and property. A well-written estate plan, which would include a will and healthcare/financial powers of attorney, is worth the time and effort. Everyone can benefit from a plan, no matter how many or how few assets they may have.