Special needs trusts are a unique type of trust made solely for the benefit of a beneficiary with physical and / or mental disabilities, including disabilities that affect their ability to manage their own affairs. Like other trusts, they generally function as a means to manage property – including real estate, finances, and other assets – for another’s benefit. However, special needs trusts can provide added benefits by addressing the specific needs, lifestyle, and futures of disabled beneficiaries, and allowing them to receive essential needs-based government benefits.
At Hendershot, Cannon & Hisey, P.C., our Houston estate planning attorneys have extensive experience providing the personalized and insight-driven representation individuals and families need when creating comprehensive estate plans that best fit their needs and goals. Our experience with a range of estate planning tools, including special needs trusts, allows us to help clients explore their available options and make informed decisions about their futures, and the futures of their loved ones.
If you would like more information about special needs trusts, estate planning, and our services, please call (713) 909-7323 or contact us online to request an initial consultation.
When it comes to special needs trusts, also referred to as supplementation needs trusts, there are a few important considerations. These include:
Ensuring the affairs of your loved ones is an essential part of estate planning, and even more so when beneficiaries have disabilities that introduce unique concerns and considerations. At Hendershot, Cannon & Hisey, P.C., our Houston estate planning lawyers are readily available to explain how a special needs trust, a pooled trust (a type of special needs trust managed by a non-profit), or any related estate planning tool can help meet your specific needs and objectives. We can also provide assistance in a range of other estate planning matters – from powers of attorney to litigation.
To learn more about establishing a special needs trust in Texas and how our award-winning legal team at Hendershot, Cannon & Hisey, P.C. can help you, call (713) 909-7323 or contact us online today.