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Considerations when choosing a trustee for a special needs trust

On Behalf of | Aug 30, 2021 | Estate Planning

If you have a family member with special needs, you have likely put much thought into providing for them once you can no longer do so. For many in San Diego, California, a special needs trust is a wonderful way of accomplishing this goal.

This type of trust ensures that your special needs loved one has enough funds to last a long time. However, do not overlook the importance of choosing the right trustee to look after your family member’s future.

Consider the following when choosing a trustee

The characteristics of an excellent trustee include the following.

  • Selfless: An ideal trustee has no problems putting the needs of the trust beneficiary before their own needs.
  • Honest: Trustees must be honest and never use the funds in a trust for themselves.
  • Healthy: In a best-case scenario, the trustee you choose is healthy enough to live as long or longer than the trust beneficiary.
  • Able: Managing a trust requires a lot of time, energy and effort so any candidates should be fit and able with the time to go the distance.

In our experience, it can also be beneficial to choose a trustee familiar with local and federal public assistance programs such as Medicaid. Those with knowledge or experience with these programs can ensure that your loved one remains eligible for assistance despite having a trust fund.

A special needs trustee can be a family member, a close friend or even a professional legal advocate. Learning more about creating and funding trusts can help you find the ideal candidate to protect your loved one when you cannot.