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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?

  • To say that Joy Kraft-Miles is an expert is an understatement.

    “Divorce is not an experience that you look forward to. It's also messy and very stressful because of the emotions and people involved. For me, hiring a lawyer was a necessity not because I wanted to penalize my ex, but because I wanted an expert that would help me navigate the cumbersome process. To say that Joy Kraft-Miles is an expert is an understatement. She is a consummate professional with a solid reputation at the Chatsworth Courthouse. Initially, I tried to tackle the process myself by going to the self-help center and filling out the documents on my own. This turned out to be overwhelming. She took my case even though I had a pending DV case. I spoke with four lawyers prior to Joy who would not take my case because of the DV. She whipped through my paperwork in one meeting and told me my case could be brought to resolution with my help. I listened to her advice, asked millions of questions and continuously asked her and her legal secretary Marcos to clarify terms, rulings, and paperwork when I did not understand what was going on. I trusted Joy from the first meeting. I think that is really important; to trust the person that you are working with. She was exceptional to work with under the circumstances. I highly recommend Joy as she has the highest integrity and is very professional.”

    Lisa

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

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

    Liliana

  • In my view, they performed a miracle in three hours.

    “You have our sincerest thanks, and Ms. Miles and Mr. Star, who did the best job, possibly, of any mediators I have ever appeared in front of. When I drove away from my home this morning, I had no hope whatsoever this case would come anywhere close to settling. In my view, they performed a miracle in three hours.”

    Michael

  • At the end of the day, the process was much more pleasant because I have a good lawyer on my side.

    “Marcia Kraft and her staff helped me to get a good agreement in a short time.”

    Luciana

  • 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

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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.