New Jersey Trusts and Estates Attorneys
Supplemental Needs Trusts
The attorneys at Hunziker, Champion, Romer & Miller understand the intricacies of setting up Supplemental Needs trusts and can assist you in all aspects of doing so. The firm also understands that issues concerning trusts and estates can be emotional and is dedicated to handling your matters with diligence and compassion.
A Supplemental Needs trust is designed to benefit a person with a mental or physical disability. Rather than diminish the benefits provided by a governmental program, the trust enables the beneficiary to have an unlimited amount of assets in the trust that will not count towards calculating government benefits.
Unlike a traditional trust, the Supplemental Needs trust purpose is not to provide for the general welfare of the beneficiary, but to provide for “extras.” This type of trust states that the disabled person never has direct access to the assets, but is managed by the trustee.
It is important to retain the services of a knowledgeable estate planning advisor who knows the intricacies of disability law. The lawyers at Hunziker, Champion, Romer & Miller have the skills and experience to help you with these matters. Call (973) 256-0456 or fill out our contact form for a consultation.
