Last week, I explained that special needs trusts are frequently associated with fees as high as three percent. However, a properly designed special needs trust should cost no more than 1.25 percent per year — almost a third as much as the norm. The infographic below gives our breakdown of what a special needs trust should cost.
When considering a special needs trust, collecting the right information is critical. Parents must be well-informed from the beginning to avoid paying a staggering amount of their child’s money to trust costs.
It all starts with finding a trustworthy team to explain the ins and outs. That’s what we do. Please feel free to call for a free consultation on how to set up a special needs trust or to evaluate whether your child may need one.
About John Bair
John Bair has guided thousands of plaintiffs through the settlement process as co-founder of Milestone Consulting, LLC, a broad-based settlement planning and management firm. Milestone’s approach is comprehensive and future-focused. John’s team has guided thousands of clients by taking the time to understand the complexities of each case. They assess the best outcome and find the path that enables each client to manage their many needs. Read more about Milestone Consulting at http://milestoneseventh.com/.
A West Point graduate where he served as captain and military aviator, John Bair continues his commitment to our country through his efforts within the settlement planning industry. He has represented families of victims lost in the Flight 3407 crash, offered pro bono services to the families of 9/11 victims and drafted the first consumer protection bill for plaintiffs (H.R. 3699).