From The Matus Law Group – New Jersey Special Needs Trust Attorney explores how families can protect the financial future of loved ones with disabilities while preserving essential benefits like Medicaid and Supplemental Security Income (SSI). Led by Christine Matus, a parent of a child with special needs, the discussion offers practical, compassionate guidance for navigating estate planning, probate, and trust creation. This episode breaks down the complexities of special needs trusts, highlighting the importance of proactive planning to avoid costly delays and safeguard assets for long-term care.
Listeners will gain a clear understanding of the differences between first-party, third-party, and pooled trusts in New Jersey. We cover how funding sources—whether cash, property, life insurance, or settlements—can be structured to support a beneficiary without jeopardizing public assistance. The conversation also explores key rules, such as the age limits for establishing a trust and the state’s requirements for trustee appointments and annual accounting. By connecting legal structure with everyday caregiving needs, the episode shows how to blend financial planning with a holistic vision for a loved one’s well-being.
In addition to explaining trust types, the episode delves into the trustee’s critical role. Whether a trusted family member or a professional, the trustee must manage investments, comply with government benefit rules, and ensure funds are used solely for the beneficiary’s benefit. We discuss how to choose the right trustee, the potential fees involved, and how New Jersey law regulates trustee commissions. Real-life insights from The Matus Law Group demonstrate how these decisions impact the trust’s effectiveness over time.
Finally, we tackle the often-overlooked topics of taxes and fees. The episode explains Qualified Disability Trust status, IRS Form 1041 requirements, and strategies like the 65-day rule to optimize distributions. With over two decades of experience serving New Jersey families, The Matus Law Group provides the knowledge and reassurance listeners need to take action. Whether you’re just beginning to plan or revisiting an existing trust, this episode offers the clarity and confidence to protect your family’s future.
Matus Law Group
81 E Water St #2C, Toms River, NJ 08753, United States
(732) 281-0060
https://www.google.com/maps?cid=6876392708092026946
