Top Broomall, PA Special Needs Trust Lawyers Near You
1015 Chestnut Street, Suite 702, Philadelphia, PA 19107
360 W Main Street, Trappe, PA 19426
2332 South Broad Street, Philadelphia, PA 19145
4259 W Swamp Rd, Suite 240, Doylestown, PA 18902
60 W Boot Rd, Suite 201, West Chester, PA 19380
41 University Dr, Suite 400, Newtown, PA 18940
130 North 18th Street, Suite 1200, Philadelphia, PA 19103
376 E. Main Street, Collegeville, PA 19426
1717 Arch St, Suite 1200, Philadelphia, PA 19103
100 Front St, Suite 100, Conshohocken, PA 19428
1845 Walnut Street, 22nd Floor, Philadelphia, PA 19103
206 State Road, Media, PA 19063
101 Old York Rd, Suite 303, Jenkintown, PA 19046
200 E. State Street, Suite 306, PO Box A, Media, PA 19063
15 West Front Street, PO Box 1440, Media, PA 19063
1000 Floral Vale Blvd, Suite 300, Yardley, PA 19067
Special Needs Trust Lawyers | Serving Broomall, PA
815 Greenwood Avenue, Suite 8, Jenkintown, PA 19046
2541 South Broad Street, Philadelphia, PA 19148
Suite 300, Two Bala Plaza, Bala Cynwyd, PA 19004
30 W Third Street, Media, PA 19063
1260 Bustleton Pike, Feasterville, PA 19053
121 South Broad St, 18th Floor, Philadelphia, PA 19107
Broomall Special Needs Trust Information
Lead Counsel Verified Attorneys in Broomall
Lead Counsel independently verifies Special Needs Trust attorneys in Broomall and checks their standing with Pennsylvania bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is a Special Needs Trust?
A special needs trust (SNT) provides financial support for people with physical or mental disabilities. Parents or family members generally set up an SNT to provide for their loved ones. However, people with special needs can set up their own trust. An SNT keeps the assets separate from the beneficiary’s property so they can still qualify for government programs like Medicaid and Social Security.
What Are Some Examples of Situations Where I Might Need a Trust and Estates Lawyer?
Most people think of a trust as something they only need to consider when they pass away. However, a trust can be something you can benefit from during your life and provide for your family after death. Trust planning can help manage property and assets, gain tax advantages, and avoid probate. You should consider a trust when you:
- Have significant financial assets or property
- Have family members with special needs
- Want to distribute assets to charitable groups or religious organizations
- Want to protect your privacy
- Need to preserve assets for minor children
- Have major life changes
How Can a Trust Lawyer Help Me?
An experienced lawyer can give you the backing you need to navigate the legal system and find the best possible results for your case. Because laws are different from state to state, speaking with a lawyer in Pennsylvania is critical in understanding all the elements of your situation and making the best decisions when it comes to your estate planning. A trust lawyer can help with:
- Trust creation
- Asset management and protection
- Estate planning
- Trust administration
- Modification or termination of your trust
- Trust disputes and litigation
What Could Happen if I Don’t Hire a Trust Lawyer?
If you don’t hire a trust lawyer, your assets will pass under Pennsylvania probate laws. Probate can tie up your assets for months or years. If your beneficiaries are fighting over the assets, it can take longer and cost your estate money. With a trust, the property can pass outside of probate. You can also have more control over what happens to your estate after death. If you don’t have a trust, your loved ones may have to deal with:
- Estate taxes
- Delays in probate
- Fighting legal challenges over assets and property
- Property passing through intestacy
What Are the Top Questions When Choosing a Trust Lawyer in Broomall?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your trust case. Many trust and estate lawyers offer consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What type of trust is most suitable for my situation?
- What are the benefits and drawbacks of creating a trust?
- How can a trust be used to address my specific concerns or goals?
- What is the process for creating and funding a trust?
- How will the trust be administered?
- What are the potential tax implications associated with a trust?
- How much will all of this cost?
Tips for Hiring a Trusts Lawyer
Taking the time to find a lawyer who is right for you and will represent your best interests is an important first step in protecting your finances. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts