How a Trust can help?

How a Trust can help?

How Special Needs Trusts Work A special needs trust provides financial support for your loved one without jeopardizing government benefits. What is a Trust? A trust is a legal arrangement in which one party (individual, group, or organization) holds and manages property for the benefit of another. The person (or persons) who benefits from the property, the beneficiary, does not own or control it. The person (or persons) or organization that manages and distributes the property, the trustee, does not benefit from it, other than reasonable compensation for services. A trustee is obligated by law to manage the property prudently, obey the instructions of the person who created the trust (called the settlor or grantor), and provide reports and accounting’s on a regular basis. … Continue reading How a Trust can help?