An intentionally defective grantor trust allows wealthy families to transfer assets from one generation to the next while achieving significant tax savings. IDGTs are especially useful if you have assets that will appreciate significantly over time.
OUR SPECIAL NEEDS
ATTORNEYS IN NEWJERSEY CAN HELP:
- Assist in applying for government benefits to pay for skilled nursing, long-term, and in-home care
- Protect your assets for you and your loved ones
- Navigate through the maze of rules and regulations
Children and other beneficiaries with special needs and disabilities require special consideration in your estate planning in New Jersey. A gift or a well-intended bequest to a child or a grandchild may disqualify the recipient from much-needed medical and other benefits. Your estate plan must account for possible disability, even if no beneficiary has special needs at the time because we cannot predict the future.
At Willis Law Group LLC, we will help you protect your most vulnerable loved ones who may require continuous care and support. The bequests and distributions can be planned in such a way that they will supplement rather than supersede the benefits a person might already be receiving. To ensure that the intended gifts benefit your loved ones and improve the quality of his or her life, we can assist you in setting up a Special Needs Trust.
We help our clients explore their options for maximizing benefits for their heirs. With respect to clients or their beneficiaries with special needs, our services cover many areas, including: trust administration and trustee representation, specialized estate planning, special education advocacy, guardianship and conservatorships, public benefits, employment and residential issues.