Trusts & Estates
Trusts & Estates
4 Trusteeship Misconceptions in a Special Needs Trust
Special Needs Trusts have two primary objectives: fiduciary management and government benefit eligibility.
Managing a Special Needs Trust requires attention to all of the traditional responsibilities of trusteeship–investment management, accounting responsibilities, and tax return preparation. But in many (and perhaps most) cases, there are other, more frustrating and time consuming challenges that lead to “trustee burnout.”
These common misconceptions about trusteeship will help you set expectations of the trustees you work with in your law firm. You will stay ahead of the game and will be able to clarify expectations and prepare them for their responsibility.
This download contains four common misconceptions about Trusteeship in regards to Special Needs Trusts.
Topics
Complete the form to get your free guide
Related Resources
How to Find Success as an Elder Law Attorney
This download will break down how to build a thriving elder law practice
Learn More
How to Talk to Clients about Proactive Planning
This download is one sample of the benefits we offer our members. Members even have a script to accompany this guide.
Learn More
Why Medicaid Asset Protection Planning is a Win-Win for Your Elder Law Firm and Your Clients
This download includes a detailed 8-step process for providing initial long-term care evaluations to clients.
Learn More