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Vicknair Law Firm

Special Needs Planning

Special Needs Planning

Estate planning should always be customized to each individual creating a plan. This is particularly important when planning for beneficiaries with disabilities.

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How Does a Trust Fund Work?

How Does a Trust Fund Work?

Trust funds are an important estate planning tool. They can protect your assets while you’re alive and help ensure that you leave money to your children or other loved ones after you die.

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Should I have a Discretionary Trust in My Estate Plan?

Should I have a Discretionary Trust in My Estate Plan?

A discretionary trust is a type of trust that can be established on behalf of one or more beneficiaries that portions out trust funds over time and under certain circumstances, usually due to the client’s concern that the beneficiary (usually their child) may get divorced, go through a bankruptcy, or the beneficiary has been addicted to chemical substances. The discretionary trust prevents access to trust funds all at once.

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