Special Needs Trust Lawyer Missouri
Creating an estate plan is for everyone, and may require some special considerations for those with special needs children or heirs, and you may benefit from working with a special needs trust lawyer Missouri residents depend on for unique trust situations like yours. Every estate planning and trust situation is different, and it is recommended that you have a lawyer for legal assistance, especially if your situation is more complex. Don’t hesitate to schedule a consultation with an experienced lawyer from the Legacy Law Center who can answer your questions and provide estate planning legal advice.
How to Create a Special Needs Trust
Much of the estate planning and trust process is the same for the paperwork and filing portion, but there will be special considerations at some points that you will want to be sure to discuss with your lawyer.
- Consider your wishes for your loved one
This step will likely be the most time consuming and require the most decision making as you consider and plan for your loved one’s future. You will want to think about what provisions your special needs child will need or if some type of caregiver may be necessary. How much money you estimate that your child will need is also something to consider during this step.
- Choose your trustees
Your trustees will be people, or one person, that you have full faith and trust in to carry out the entirety of your trust as you have detailed it. It is important that you pick trustees that can be non-partial and respect your wishes so that they will follow the directions that you include with the trust.
- Fund the trust
Your Missouri special needs trust lawyer will explain the exact process for funding your trust and how to transfer funds into it to get it started. This is when you will need to make a decision about how much you want to fund the trust for, although you can change that amount later on if you choose to increase the fund amount.
- Invest your funds
Once you’ve added funds to a trust, they can be invested so that they gain interest over time and leave your loved ones with more than you originally put into the trust. Professionals can help you invest the funds wisely and safely so that they increase in their worth.
Call a Lawyer Today
Your estate planning and trust plans are unique, and if you’re not sure how to move forward with your estate plan it may be wise to work with a Missouri special needs trust lawyer from the Legacy Law Center who can guide you through the process and provide you with legal advice. It is important not to wait when it comes to estate planning and preparing for your future and the future of your family. Contact us today to schedule your consultation to get answers to your legal questions and to begin the process for planning your estate and your future.