New Jersey special needs planning lawyer Christine Matus (https://matuslaw.com/discretionary-support-trust/), founder of the Matus Law Group, has released an article discussing the benefits of a Discretionary Support Trust as an estate planning tool for families with special needs. The article explores how this type of trust provides flexibility in managing a beneficiary’s financial affairs while ensuring their best interests are looked after.
Matus Law Group is a law firm dedicated to providing comprehensive estate planning services for families with special needs. With years of experience in the field, New Jersey special needs planning lawyer Christine Matus has become a trusted source for families seeking guidance in navigating the complex world of special needs planning.
In the article, the New Jersey special needs planning lawyer emphasizes the importance of selecting the right trustee to manage a Discretionary Support Trust. She explains that this type of trust gives the trustee the discretion to distribute funds to the beneficiary as they see fit, which is especially important when the beneficiary is not eligible for government benefits.
“A discretionary support trust allows the trustee an additional level of flexibility in disseminating funds to your child,” Matus says. “Choosing the right trustee to assist with your special needs child is of vital importance.”
Attorney Matus also highlights the benefits of a Discretionary Support Trust for families whose loved ones are not receiving government benefits. Unlike a mandatory trust, a discretionary trust does not limit the amount of money the beneficiary can receive. This allows the trustee to pay for expenses like rent, mortgage, and investments that exceed the government’s limit of $2,000 in countable resources.
“When you build your estate plan and utilize a discretionary trust, you can still identify which things the trustee has to pay for,” Matus explains. “For example, you could set a minimum allowance that your beneficiary can receive to support their living expenses.”
Furthermore, the lawyer says when it comes to trusts, it’s worth noting that a beneficiary’s access to money can either be mandatory or discretionary. In a mandatory trust, the beneficiary has the right to request money from the trustee, and the trustee is obligated to provide the funds. However, with a discretionary trust, the trustee has the option of whether or not to give the funds. This level of discretion is especially important when it comes to individuals with special needs, as it allows the trustee to continue to act in their best interests.
The Matus Law Group’s article provides valuable information for families who want to ensure their special needs loved ones are taken care of, regardless of their eligibility for government benefits. Families who wish to learn more about estate planning for special needs individuals can contact the Matus Law Group for a consultation.
About the Matus Law Group
The Matus Law Group is a law firm dedicated to providing comprehensive estate planning services for families with special needs. Led by New Jersey special needs planning lawyer Christine Matus, the firm has years of experience in the field and is committed to helping families navigate the complex world of special needs planning.
About The Matus Law Group
Christine Matus was admitted to the Bar of the State of New Jersey and to the U.S. District Court of New Jersey in 1995. She graduated from Douglass College, Rutgers University with a Bachelor of Arts in Economics in 1992.
Contact The Matus Law Group
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