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Can a Special Needs Trust be set up using a disabled person’s own financial resources - Portland, Oregon.

September 24, 2010

In one kind of trust, the funds are a gift from someone—usually a parent or grandparent, although they can also come from an uncle, aunt, sibling, cousin, or friend. The funds cannot come from the disabled person’s own resources.

In another kind of special needs trust, the funds are the property of the disabled person and are usually the proceeds from an insurance settlement, lawsuit, or inheritance.

If you need help understanding the limitations of Special Needs Trust - Contact the Special Needs Planning Lawyers with the Law Offices of Nay & Friedenberg in Portland, Oregon at (503) 245-0894 to set an appointment.