Category: Trusts

December 3, 2018 robert slutsky

            People ask me about trusts in estate planning. They hear about a friend who used a trust or a financial advisor who said a trust will protect their assets from long-term care costs or reduce taxes. Trusts can be helpful but only if you understand what they can and…

April 6, 2018 robert slutsky

While the execution of wills requires formalities like witnesses and a notary, the reality is that much property passes to heirs through other means that often lack the protections of a properly drafted will or trust.   Many bank and investments accounts, as well as real estate, have joint owners who take ownership automatically at…

January 15, 2018 robert slutsky

What is a Special Needs Trust? A Special Needs Trust is a trust, authorized under federal law, that holds the funds of a disabled beneficiary and allows the beneficiary to qualify for means tested public benefits like Medicaid and Supplemental Security Income (SSI). Were those same assets owned directly by the disabled person, they would…

December 12, 2016 robert slutsky

New Law Allows People with Disabilities to Create Special Trust Finally. The Special Needs Trust Fairness Act, federal legislation that will allow people with disabilities to create their own special needs trusts instead of having to rely on others, has passed the Congress. The measure was included in the 21st Century Cures Act, a $6.3…