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Special Needs Trusts: Protect Your Child's Financial Future (Special Needs Trust: Protect Your Childs Financial Future (W/CD)) Paperback – May 5, 2011

ISBN-13: 978-1413313840 ISBN-10: 1413313841 Edition: 4th

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Product Details

  • Series: Special Needs Trust: Protect Your Childs Financial Future (W/CD)
  • Paperback: 296 pages
  • Publisher: NOLO; 4 edition (May 5, 2011)
  • Language: English
  • ISBN-10: 1413313841
  • ISBN-13: 978-1413313840
  • Product Dimensions: 7 x 0.8 x 9 inches
  • Shipping Weight: 14.4 ounces
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #122,897 in Books (See Top 100 in Books)

Editorial Reviews

Review

Does a good job of explaining what a special needs trust can do to protect the benefits of a person with disabilities.... Even if after reading the book you feel you need a lawyer, you will have the knowledge to approach the subject." (Support for Families of Children With Disabilities Newsletter 20090202)

Does a good job of explaining what a special needs trust can do to protect the benefits of a person with disabilities.... Even if after reading the book you feel you need a lawyer, you will have the knowledge to approach the subject. (Support for Families of Children With Disabilities Newsletter 20090101)

This book is great -- it gave me more info than attorneys are giving me, including my trustee... (James G. G., San Francisco, CA 20090101)

About the Author

Stephen R. Elias is an attorney and former associate publisher at Nolo, as well as current President of the National Bankruptcy Law Project. He is the author of many Nolo books, including recently The New Bankruptcy. Other titles include Special Needs Trusts and How to File for Chapter 7 Bankruptcy. He is also one of the original authors/designers of Nolo's bestselling WillMaker software. Steve holds a law degree from Hastings College of Law and was a practicing attorney in California, New York and Vermont before joining Nolo. He has been featured in such major media as The New York Times, The Wall Street Journal, Newsweek, Good Morning America, 20/20, Money magazine, and more.

Kevin Urbatsch is a principal of the boutique estate planning firm, Myers Urbatsch P.C. in San Francisco, California. He is a nationally recognized expert in the unique planning needs of individuals with disabilities and their families. Mr. Urbatsch is a charter member of the national organization, the Academy of Special Needs Planners. He writes and is a frequent lecturer both locally and nationally on planning for persons with disabilities, primarily concerning special needs trust drafting and administration.

More About the Author

Stephen R. Elias is an attorney and former associate publisher at Nolo, as well as the current President of National Bankruptcy Law Project. He is the author of many Nolo books, most recently Bankruptcy for Small Business Owners. Other titles include Special Needs Trusts: Protect Your Child's Financial Future, How to File for Chapter 7 Bankruptcy, and Legal Research: How to Find and Understand the Law. He is also one of the original authors of Nolo's bestselling WillMaker software. Steve holds a law degree from Hastings College of Law and practiced law in California, New York, and Vermont before joining Nolo in 1980. He has been featured in such major media as The New York Times, The Wall Street Journal, Newsweek, Good Morning America, 20/20, Money magazine, and more. Steve's blog on bankruptcy and foreclosure law can be found at Nolo's Bankruptcy & Foreclosure Blog.

Customer Reviews

Special needs trusts are very complicated.
Connie Cross
Reading this book helped form important questions that we will be exploring with our attorney, and helps us understand in greater depth what she will be doing for us.
Mark Albert
Excellent book - provides guidelines for why, when, who and how.
Lori Mackey

Most Helpful Customer Reviews

21 of 22 people found the following review helpful By Mark Albert on December 29, 2007
Format: Paperback Verified Purchase
This book is designed to help readers set up their own special needs trust without an attorney--and you could do that with the resources provided, but I expect most readers will prefer to use a professional to establish an estate plan with the special needs trust as an important element. Whether or not you plan to use an attorney, however, this book is an invaluable resource for anyone considering a special needs trust.

I have attended seminars on Special Needs Trusts, and my wife and I have had an initial meeting with an attorney to set up a trust for our disabled daughter. As a result, I came to this book with a well-developed idea of what could be accomplished with Special Needs Trust. Still, I learned a great deal from this book. There were several issues related to handling of assets within the trust and the management of housing expenses that became much clearer to me after reading this book.

Reading this book helped form important questions that we will be exploring with our attorney, and helps us understand in greater depth what she will be doing for us. In this way, this book is helping us maximize the value we get from our attorney's services.
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8 of 8 people found the following review helpful By Clara C. Hickey on March 27, 2010
Format: Paperback Verified Purchase
I set up a Special Needs Trust for my son a couple of years ago; it was not a satisfying experience. The lawyer did not explain the process well, and I was left frustrated and poorer.

If I had first read this book that I easily found and purchased at Amazon.com, I would have walked into the lawyer's office with confidence that at least I would have known all the basics in setting up the Trust and the questions to ask. As it was, I didn't know what I didn't know, and that was a distinct disadvantage.

I would recommend this book for anyone thinking of setting up such a Trust. Read it first before contacting a lawyer.
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7 of 8 people found the following review helpful By Rich Words on February 21, 2008
Format: Paperback
Nolo's Special Needs Trusts book is precise, concise, and very informative. Well organized, it reads fast and easilly. It's very practical too. We are using and depending on it's content. I even corrected the overseer of our trust. Perfect!
Rich
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6 of 7 people found the following review helpful By Jack in NC on November 3, 2007
Format: Paperback
I bought this book hoping to find some guidance on establishing a Special Needs Trust. It is very basic and most of the information can easily be found on the internet. The Special Needs Trust Administration Manual is a much better reference.
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1 of 1 people found the following review helpful By TomW on May 9, 2012
Format: Paperback Verified Purchase
This book is an excellent resource. First for the family that wants to learn more about the Special Needs Trust (SNT) and decide if it is for them. It also is good for the family that knows that they need a SNT and is going to the attorney, but wants to know what to expect and think about the important issues before they get to the attorney's office where the meter is running. Lastly, it is a great resource for the DIY individual.
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1 of 1 people found the following review helpful By Sky King on April 30, 2011
Format: Paperback Verified Purchase
Excellent introduction to special needs trusts. Excellent discussion on how to find a good attorney and why that might be difficult. Note: This book discusses creation of a Third Party Special Needs Trust. This is a trust that is set up by a parent, grandparent or other with funds that do not belong to the special needs beneficiary. A First Party Special Needs Trust is a different animal. It is used for assets that belong to the Special Needs beneficiary. Proceeds from a law suit or a direct inheritance require a First Party Special Needs Trust. The big difference is that a First Party Special Needs Trust is much more difficult to draft and the trust must reimburse the state when the beneficiary dies. Be sure to use an attorney who has a copy of the Special Needs Trust Handbook ($330.00!)
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3 of 4 people found the following review helpful By T. Flowers on February 28, 2008
Format: Paperback
I have already set up a special needs trust using a lawyer, but I wanted to read more on these types of trusts. I would say this is a valuable resource for subsequent or co-trustees. It contains some information about the practical aspects of setting up, and administering trusts for those who are not professionals.
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