Learn About Pooled Special Needs Trusts

Learn About Pooled Special Needs Trusts

Pooled special needs trusts differ greatly from individual special needs trusts and can be a great way to gain the benefits of an SNT while reducing some of the practical downsides. Both pooled and individual SNTs have the same goal – prevent assets from affecting...
Types of Illinois Adult Guardianships

Types of Illinois Adult Guardianships

Illinois law permits several different types of adult guardianships. Guardianships protect people with special needs by allowing guardians to make financial, legal, and logistical decisions for them. Guardianships are supervised by the probate court, which appoints a...
Who Can Make Decisions for a Minor Child with Special Needs?

Who Can Make Decisions for a Minor Child with Special Needs?

If you are in the position of making decisions for a minor with special needs, you may wonder who besides you can make these often-difficult decisions. Generally, parents are the only ones who can decide things for their children. If a child has a guardian in lieu of...
Pros and Cons of Using a Bank as a Trustee

Pros and Cons of Using a Bank as a Trustee

When forming a special needs trust for your child, you may wonder whether using a bank as a trustee or other professional individual or entity is a good idea. An “institutional trustee”, which is called a corporate trustee, refers to a bank or trust company that...

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