Perspective
Aug. 22, 2013
Special needs trusts require key choices
Establishing a special needs trust when a party settles a suit for personal injury damages or a claim for workers' compensation involves key decisions regarding who will be trustee and how to fund the trust. By William L. Winslow
When an injured party settles a suit for personal injury damages or a claim for workers' compensation benefits and needs to have a special needs trust, or SNT, established to receive the settlement proceeds, key planning decisions involving choice of a trustee and funding of the trust are required.
An SNT is needed where the injury victim has to become or remain eligible for certain means-tested government assist...
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