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Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question and respond.
A Special Needs Trust is not a 501c charity here.Any gifts to it would not be tax deductible.But folks can certainly gift to it here it is just not deductible.You might want to consider a Master Pooled Trust.These are premade trusts, no lawyer needed, that she has a sub account with.The fees are much lower, no lawyer fees to set up, if it only involves money here it is a much cheaper alternate.
The Arc of Georgia Pooled Trust
Commonwealth Community Trust
Family Network on Disabilities of Florida, Inc.
Georgia Community Trust
The National Foundation for Special Needs Integrity, Inc.
If you want her own SNT a $2,000 fee quote is about right.I would use a NAELA lawyer.National Academy of Elder Lawyers specialize in such shelters here.
You can find one here
I appreciate the chance to help you today.Let me know if you have more follow up.
Special needs pooled trusts are run by nonprofit organizations setup to expertly and efficiently administer a master special needs trust onbehalf of individual beneficiaries with disabilities. Assets are combined andinvested together; funds are spent onbeneficiaries in proportion to their share of the total amount.
No two pooled trusts are exactly alike. Each has its ownfees, menu of available services, and contracts under which it operates. Someoffer many options, complicated contracts, and complex fee schedules. Othersoffer a single agreement and an easy-to-understand fee schedule. Some areorganized to provide complete care of beneficiaries while others just managethe money in an appropriate manner.
Here are some advantages of pooled trusts:
Consider a Master Pooled Trust here.
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