“Information Bits from the Boss: Samantha provides brief answers to clients frequently asked questions”

​What if I’m providing for a beneficiary with special needs?
 
We are always willing to discuss and include a special needs or supplemental needs trust as part of your estate plan. The benefit of a special needs trust is that if that beneficiary is qualified for any government benefits and they are currently receiving them, that beneficiary can still qualify for those benefits and get the inheritance. Even if you don’t have a beneficiary that has special needs now, if there ever becomes a time in the future where we need to provide for a beneficiary with special needs, we include a provision in the will that allows the executor to create a supplemental needs trust for a beneficiary. It also allows the executor to create an ABLE account.  An ABLE account in Pennsylvania is an account that you set up for someone with special needs and allows you to contribute again, so those funds can be used for that beneficiary but don’t jeopardize any benefits that they may be receiving. If you do have questions or have a beneficiary with special needs, please reach out to our office. For additional information or to schedule a free initial consultation please contact our office at (717) 655-2676.