special needs grandchildren in another state
I am sure other families have the same dilemma. Our trust was set up before the newer rules for IRA’s was passed by Congress. We now probably need to set up special needs trusts I assume inside our revocable trust. But we are in Illinois and our grandchildren are in another state and suspect this will thus be more complicated. Who do we go to for these changes-a special needs trust expert in our state or in the state they reside in and how do we find such a person? Do we need separate trusts for each of the three special needs grandchildren and the rules of which state will have to be followed are just some of the many questions we have and doubt if the people who set up our original trust have the expertise for this. Any advice or help would be greatly appreciated.
Terry Says
There is only one absolute EXPERT who can answer all your questions. Contact MaryAnne Ehlert at www.ProtectedTomorrows.com.
By way of introduction, here is one of the many columns I’ve written featuring her work over the years: https://www.terrysavage.com/planning-for-a-disabled-child-or-adult/
