Special Needs Trust Attorneys In Georgia

State:
Multi-State
Control #:
US-00646
Format:
Word; 
Rich Text
Instant download

Description

The Family Special-Needs Trust is an irrevocable trust agreement designed to protect the financial interests of a beneficiary with disabilities while preserving their eligibility for public assistance programs in Georgia. This trust allows a grantor to transfer assets to a trustee, ensuring that the beneficiary receives supplemental support for essential needs like recreational activities, education, and emergency funds without jeopardizing government benefits such as Medicaid and SSI. Key features include the trustee's broad discretion in managing funds and ensuring distributions do not affect public benefits eligibility, making it crucial for special needs planning. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to establish a trust that complies with legal requirements while providing for individuals with special needs. Filling and editing instructions highlight the necessity of clearly defining the trust property and the beneficiary's requirements as well as ensuring compliance with Georgia state laws governing trusts. Specific use cases include planning for a child’s future care without sacrificing access to essential public assistance programs and safeguarding assets from creditors. This form serves as a vital resource for legal professionals working with families to create a secure financial foundation for individuals with disabilities.
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  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs
  • Preview Trust Agreement - Family Special Needs

How to fill out Trust Agreement - Family Special Needs?

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FAQ

It should be created and funded by a third party, such as a parent or grandparent. The disabled beneficiary should not create the trust or fund it with his personal assets. An independent trustee should be chosen to administer the trust.

That way, they can still use government benefits in addition to their own money. The estimated cost of starting a special needs trust in Georgia is between $2,000 and $3,000. This will ensure your loved one can still receive program benefits.

The cost of setting up a trust in Georgia varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts can cost several thousand dollars more.

Questions About Setting Up a Special Needs Trust ?How would you get started to make a special needs trust?? ... ?If your parents name you as the beneficiary of their insurance [and you are an individual with disabilities who receives public benefits] can that be put into a special needs trust??

To make a living trust in Georgia, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.

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Special Needs Trust Attorneys In Georgia