A first party special needs trust can be created for a person with personal resources. A grandparent, a parent, or a legal guardian would create the trust. It would be funded with assets that were the property of the beneficiary with special needs. Learn more about special needs trust in this presentation.
Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.