Should You Consider A Special Needs Trust?

Image of a family smiling because they have established a Special Needs Trust with Siegel Law Group

Do you have a close family member with special needs who requires care and assistance? If so, you may be interested in creating a “Special Needs Trust.” This legal tool can help you provide for your family members with special needs while allowing them to remain eligible for their benefits. How Does a Special Needs Trust Work? In order for someone to qualify for SSI or Medicare, there is a limit to how much they can have in the bank. An inheritance, or large sum payment, can disrupt this balance and jeopardize their benefits. A Special Needs Trust ensures this does not...

19 November

0 Comments

Sticky

Revocable vs. Irrevocable Trust: What’s the Difference?

Author Barry Siegel

in Siegel Law Group, Trusts

Advantages and disadvantages of revocable vs irrevocable trusts.

Trusts come in two main categories: revocable and irrevocable trusts. Choosing which one is right for you can be one of the most important decisions of your life, but you can’t possibly be expected to make this decision without a proper understanding of what the difference is between the two. That’s why we’ve created this quick guide which compares the difference between the two types of trusts so that you can be confident in your decision as to which one is best for you. What is a Trust? A trust is a financial agreement between three people: the trustor, the trustee, and...

04 December

0 Comments

Sticky

What to Consider When Leaving Money to Minors

Author Siegel Law Group

in Trusts

If you are considering setting up a fund for your children - it may seem like a confusing process but you don’t have to do it alone. There are various options when deciding how to leave money to a minor like living trusts. As minors can’t own investments outright, it is important to choose an option that best fits your intentions. At Siegel Law Group, we help you understand your options and choose the best one. Let’s talk about UGMA and UTMA UGMA is a Uniform Gift to Minors while a UTMA is a Uniform Transfers to Minors. The greatest distinction between...

Trusts

Should You Consider A Special Needs Trust?

Revocable vs. Irrevocable Trust: What’s the Difference?

What to Consider When Leaving Money to Minors

Join our mailing list to receive news and announcements Subscribe