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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?

  • The attorneys at this office under the supervision of Ms. Kraft have provided our family with professional and kind representation.

    “I have personally referred friends and, I take a moment to recommend this office commenting that the quality of attorney work-product and, client communications are excellent.”

    D.L.

  • Provided excellent advice.

    “Joy Kraft Miles is very knowledgeable about issues related to obtaining a Civil Harassment Restraining Order. She provided sound advice about dealing with a menacing neighbor. Appreciated her honesty about how to proceed, without spending several $$$$$-Grand!”

    Sally S.

  • Super knowledgeable and actually cares about her clients.

    “Joy and her staff have been a pleasure to work with. Super knowledgeable and actually cares about her clients. This is not a place where you meet one lawyer and another one who knows nothing about your case shows up the day of your hearing. Costs were reasonable and I did not feel like they nickel and dimed but only charged for actual work done. Thanks!”

    Michael

  • Your encouragement, your wits, and intelligence really pulled me out of a hardship (to say the least) that now feels like a distant memory, though your efforts and giving were remarkable and effectively memorable.

    “Joy, your name gives meaning to what you bring in life! Thank you for being an exceptionally wonderful person. Your encouragement, your wits, and intelligence really pulled me out of a hardship (to say the least) that now feels like a distant memory, though your efforts and giving were remarkable and effectively memorable. You are one amazing woman. I want to wish blessings upon your work, your office, and your gorgeous little family. May God bless you infinitely.”

    Sara

  • I highly recommend this firm!

    “Joy provides exceptional representation with the highest level of experience and treated my case with genuine care. I highly recommend this firm!”

    Wyler S.

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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.