Tips on Planning
Here are a few quick tips to help you with your planning for a Special Needs loved one. This is a short and simple list,… Read More »Tips on Planning
Derek Stone
Building a Life Plan
What is a Life Plan and do you need to build one for the Special Needs person in your life? The answers to these two… Read More »Building a Life Plan
Step-by-step Life Plan Building
You have a Special Needs loved one in your life and you’ve briefly thought about what may happen to them in the future if you… Read More »Step-by-step Life Plan Building
Special Needs Trust Distributions
A Special Needs Trust document will provide a trustee specific instructions in providing for the beneficiary. Generally, the trustee has sole discretion in making distributions… Read More »Special Needs Trust Distributions
Understand your Special Needs Trust
Potentially, you’ve thought about or have already accomplished the creation of a Special Needs Trust for your loved one. The trust is usually either created… Read More »Understand your Special Needs Trust
Should you be the trustee?
A common question that arises concerning a Special Needs Trust is: “Should a family member be the trustee (or the successor trustee) for the trust”? This is a great question with a simple “yes” or “no” answer.Read More »Should you be the trustee?
Confusion
There seems to be some misunderstanding about this website and the financial tool it contains. I have heard a number of folks quickly say they are not interested because they already have “someone” managing their money for them. Well, if I may, I would like to try and clear up some of the confusion.
Read More »Confusion
One Location
The Life Plan Binder is a tool to help a family organize the personal, legal and financial information on a Special Needs loved one into one simple location. It’s an opportunity to put it all together and gain control of the future of your loved one.Read More »One Location
How much money is enough?
One of the primary concerns in planning for the future of your Special Needs loved one is “how much money will be enough to provide the care they deserve?” This is an obvious question; however, the answer is not so straight forward.Read More »How much money is enough?
Special Needs Trust Review
It is a good idea to have a professional trustee review your Special Needs Trust document. If you have just created a Trust or need your existing Trust reviewed, a professional trustee can provide you a review from a Corporate Trustees perspective. Although they are NOT attorneys and will NOT provide legal advice, a professional trustee works with (and lives with) the instructions contained in a Trust document every day. In essence, they are able to provide you details on how the Trust language reads from an administrative point of view, utilizing their trustee expertise.Read More »Special Needs Trust Review