Boyes, Farina & Matwiczyk

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Monthly Archives:October 2017

Self Settled Special Needs Trusts

October 10, 2017

What is a self settled special needs trust? A self-settled special needs trust is funded using the beneficiary‚Äôs own assets. For many years, a disabled person could only set up this type of trust if he or she had a living parent or grandparent, or, if not, by going through court proceedings for approval. In December 2016, the Special Needs Trust Fairness Act was signed into law. Now, those with special needs, but who still have capacity to make their own decisions, can independently create and fund their own trusts….