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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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  • I think they offer the best value in LA area.

    “I only have great things to say about the professional services I received at Kraft Miles, A Law Corporation and especially from Joy Kraft Miles! They always went the extra miles for my case, they were flexible with payment plans, picked up the phone or returned calls promptly when I called, and I really felt they had my back during my nasty divorce. They were there and knowledgeable to defend me in court. Joy is smart, energetic, resourceful and skillful at negotiating the terms. I think they offer the best value in LA area. You get results and their cost is reasonable. I highly recommend them to anyone.”

    Marie-France

  • She will go out of her way to help you out!

    “Very nice and helpful lady, she helped me out a lot. I recommend everyone to her, she will go out of her way to help you out!”

    Alberto

  • 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

  • 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

  • She was a kind listener when I was at my lowest and she even cracked a few jokes to make me laugh!

    “Going through a lawsuit sucks--especially divorce--but Marcia, and her staff, were in my corner the entire time and that helped me get through it.”

    Jems

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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.