Tag Archives: Private Trust

How To Find A Suitable Trustee For Your Special Needs Trust?

March 15, 2019 0 Comments

Forming a private trust for your special needs child is the long-lasting solution. But the most difficult aspects parents have to address is finding a reliable trustee. Mostly the next trustee after parents is one among the family members. But that’s not enough. A trustee has to be someone who is adapt to managing accounts, taxes, and other financial matters. The trustees should know how to allocate money to these needs in an efficient manner.
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Estate Planning

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Investments
Private Trust
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Is Living Will Better Than A Trust for Special Needs Child?

March 12, 2018 0 Comments

Finally, on 9th March 2018, honorable Supreme Court has allowed Living Will in India. Though it may be with too many conditions but it’s a beginning which has been made. It’s a coincidence that only a few days back I had a conversation with a special needs parent on forming a special child trust.
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Estate Planning

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Living Trust
Living Will
Private Trust
Special Needs Children
Succession
Will

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Why a Special Child Trust Is Important for Families?

January 23, 2018 1 Comment

For special needs child life time care creating a special child trust is the most viable option for the families. A trust is considered to be an effective estate planning tool when wealth has to be preserved for future generations. With a disabled child, the need for meeting this objective is much higher. A special need child is someone who lacks the capacity to manage his or her own finances. A special child trust is intended to provide ongoing financial support for expenses like medical and lifestyle.
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Estate Planning

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Disabled
Gaurdianship
Living Trust
Private Trust
Special child trust
Special Needs Children
Special Needs Trust

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How To Fund a Special Child Trust?

February 4, 2017 0 Comments

A special child trust in India is an important estate planning tool for special needs children families. Being a separate legal entity the trust has many advantages for securing the child future. The primary benefit of this trust rest on the ownership of assets. Once transferred to the special child trust these assets cannot be claimed by any individual. The trustees manage the affairs of the special needs trust for the benefit of the beneficiary i.e. special needs child. But surely none of the trustees have any say in the ownership of trust assets.
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Estate Planning

Tagged with:
Private Trust
Special child trust
Special Needs Children
Special Needs Trust
Trust
Will

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