Ten Common Mistakes in Special Needs Trust (SNT) Set Up

1.  Failure to Start with a Life Care Plan:
Identify future needs and establish standard of living. 

2.  Leaving Assets Directly to your Child with a Disability:
If this is done, it may cause your child to lose public benefits.

3. Dividing Assets Equally Among All Children:
Children may have different needs. 

4.  Failure to Access Public Benefits 

5.  Failure to Maximize Public Benefits 

6.  Failure to Obtain a Living Will and Power of Attorney for a Child with a Disability 

7.  Obtaining Guardianship When Guardianship is not Necessary 

8.  Failure to Obtain Guardianship when Necessary 

9.  Relying on Other Family Members to Take Care of the Child with a Disability

10.  Waiting  

This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship. 

For more information on this and other topics, please contact Kevin via any of the channels listed below:

📧 kevin@kmckernan.com  | 📞 718-317-5007