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Special Needs Trusts

Long Term Planning & Special Needs Trusts: Frequently Asked Questions

Long term planning and special needs trusts can be complicated topics. Below are some answers to Frequently Asked Questions written by Stan Pearson, a Financial Services Professional from New York Life (NYL). NYL has been a leader in both the insurance and investment industry for over 167 years.

Unprecedented Ruling Could Have Major Impact on Special Needs Trusts

Court decision raises awareness about steps families need to take to protect trust beneficiaries
July 26, 2013

A recent groundbreaking ruling on special needs trusts could change the way trustees monitor the needs of people with disabilities and spend money on them, influence other court rulings in similar cases and bolster legislative initiatives aimed at protecting the rights of beneficiaries of special needs trusts.

Judge Glen on Her Groundbreaking Opinion on Special Needs Trusts

July 23, 2013

Former New York Judge Kristin Booth Glen is being hailed as a hero in the autism and special needs communities for her bold and unprecedented ruling that banks and other special needs trustees must not only invest trust assets but also take decisive steps to determine the needs of people with disabilities and spend trust money to improve benefici