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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.

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WHAT DO OUR CLIENTS
HAVE TO SAY?

  • Although divorce is obviously an extremely stressful and overwhelming situation, Joy helped me feel empowered.

    “I highly recommend Joy Kraft Miles! She assisted me with my divorce. Although divorce is obviously an extremely stressful and overwhelming situation, Joy helped me feel empowered. She was extremely efficient, thorough and professional. I am highly impressed by her and recommend anyone that is going through a divorce (although I hope you don't have to) to use her services! Thank you Joy for your assistance!”

    Megan

  • In her office she is attentive & mild mannered, however in the courtroom, she is like a JUNKYARD DOG !

    “Child custody and divorce cases can be costly, anyone going into one should know that up front. That being said, Joy Kraft has been extremely reasonable & willing to work with me. The initial law firm I used was much more expensive & yielded zero results. Iin fact, I believe even hurt my case from the start. Joy took over my case & since then things have been moving in my direction & getting much better. My case is a child custody case & when it initially started (before Joy took over) I only had 6hrs of visitation per week with my child. I now have 3 overnights & 2 weekdays every other week & my case is most certainly not over so more time is on it's way. I went from about 5% time with my child to about 30% with more time most certainly on the way. Joy pays attention to detail & she knows my case just as well as I do. In her office she is attentive & mild-mannered, however in the courtroom, she is like a JUNKYARD DOG ! She is quit impressive in the courtroom & she knows family law just as well as she will know your case. I could not be happier with my choice of representation. I feel very confident knowing I have a lawyer who knows my case & is fighting tooth & nail on my behalf. I highly recommend Joy Kraft to anyone going through a Family Law issue”

    Anthony

  • I will recommend Marcia Kraft to all my friends.

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

    Agrippa

  • Joy was great she definitely knows how to settle cases.

    “Joy was great she definitely knows how to settle cases. Love working with her.”

    Rocky

  • Her main concern was my children and their well being.

    “My attorney was very informative, patient and understanding. ”

    Liliana

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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.