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"HELP THEM, HELP YOU!": Special Needs Trust.
"If Government Benefits Matter, then you need a Special Needs Trust!" As parents-- The perpetual question we ask ourselves is, "when we die, will my children be okay?".... "will they be taken care of?"... and "if I die today, will I have planned for tomorrow?" Some of us mull over this more than others, but regardless, we all think about it. After all, it's kind of our job, right? Special Needs Trust Defined: A special needs trust is a type of trust designed for a person w
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~PLAN NOW; DIE LATER~Living Trust vs. No Trust.
People, particularly young people, think about death about as much as they think about IRAs, 401k, life insurance,...well, you get the idea. Truth is, unless you're on your death bed, mortality is just one of those things, we as people don't spend a lot of time thinking about. For death- out of sight, out of mind, seems to be what we're comfortable with. LIVING TRUST vs. HAVING NO TRUST When you die, so do your assets. Or at least some of them. Without getting into legal
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