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What is special needs trusts?
Special needs trusts are legal arrangements specifically designed to financially support individuals with disabilities or special needs, while also allowing them to remain eligible for government assistance programs.
Who is required to file special needs trusts?
Typically, the trustee of the special needs trust is required to file the necessary documentation.
How to fill out special needs trusts?
Special needs trusts can be filled out by consulting with a lawyer or financial advisor who specializes in estate planning and disability law.
What is the purpose of special needs trusts?
The purpose of special needs trusts is to provide for the financial needs of individuals with disabilities or special needs, while also maintaining their eligibility for government benefits.
What information must be reported on special needs trusts?
Information such as the beneficiary's medical condition, financial needs, and the assets held in the trust must be reported.
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