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Special Needs Trusts

San Fernando Valley Special Needs Trusts Lawyers

Helping You Protect Your Loved Ones

If you have a loved one with special needs in California, you should consider creating a special needs trust to ensure their financial stability. Transferring property to a special needs beneficiary without a special needs trust could jeopardize your loved one’s ability to receive public assistance benefits.

Our special needs trusts attorneys in the San Fernando Valley can help you ensure that your loved one maintains eligibility for government benefits. Our attorneys have over 60 years of combined experience helping clients through all the complexities of estate planning. We keep our clients’ needs and goals in mind every step of the way.

Though we are based in Woodland Hills, we serve clients throughout the San Fernando Valley. Call us at (818) 462-5076 today.

Third-Party Special Needs Trusts

A third-party special needs trust is the typical type of trust used to benefit a person with special needs. Anyone may contribute to this trust at any time. There are many different resources that can be used to fund a third-party special needs trust.

Assets typically placed in this kind of trust include:

  • Family savings
  • Investments in stocks and mutual funds
  • Certificates of Deposit
  • Military benefits
  • IRAs
  • Real property
  • Standard government benefits

First-Party Special Needs Trust

A first-party special needs trust is used for the property of the person with special needs.

Assets could be acquired in a number of ways, including:

  • Personal injury awards
  • Inheritance
  • Life insurance policies
  • Retirement plans
  • Divorce settlements

The purpose of putting these types of assets in a first-party trust is to prevent outright ownership – which would affect eligibility for government benefits – while allowing the individual to benefit from the assets.

For more information about special needs trusts and how they work, contact our San Fernando Valley estate planning attorneys at Kraft Miles, A Law Corporation. Call (818) 462-5076 now.

  • LACBA
  • SF Valley Bar
  • Valley Community Legal
  • California State Bar
  • Avvo

WHAT DO OUR CLIENTS
HAVE TO SAY?

  • I worked with both Leslie and Marcia and was very impressed with their thoroughness and attention to detail.

    “These attorneys are easy to work with, and definitely have the best interests of their clients at the forefront of their practice!”

    Ashley

  • I will recommend Marcia Kraft to all my friends.

    “I was lost during my case and Marcia saved me.”

    Agrippa

  • They are very professional and efficient.

    “They are quick to respond to all my questions and concerns, I highly recommend them, they definitely have the clients best interests in mind.”

    Nancy

  • Bottom line a stellar attorney!

    “She worked well with the other side too--finding creative compromises but firm when she needed to be.”

    Erika

  • Thank you Joy for all your guidance and understanding.

    “I met with Joy and her associate Lauren. I explained my situation and was amazed at how understanding and compassionate Joy was to my plight.”

    Gail

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KRAFT MILES, A LAW CORPORATION:

THE TEAM ON YOUR SIDE
  • Se habla español.

  • Our team has more than 60 years of combined experience.

  • We will always prioritize your best interests.

  • Initial consultations are always FREE.

  • Our team is compassionate and understanding.

  • Representation is fairly priced.