My grandmother (now deceased) left bonds in my sisters name My sister is special needs. A trust needs to be developed to ensure her future needs. How is this done? Thanks for your help!
This is very complicated and will require you to hire a lawyer. If your sister is disabled you might want to consider doing a gaurdianship, and having the court order the Special Needs Trust to be created as part of the guardianship. The bonds cannot be in her name if she receives Medicaid or SSI as they will make her financially ineligible. You will also need guidance on what can, and cannot, be done with the money in the trust. If you are in the Monmouth or Ocean county areas, feel free to give me a call.
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