I would like to know how I go about setting up a Trust for my disabled daughter.

Asked about 2 years ago - Roanoke, VA

I would like to know how much I would have to pay to have a Trust established.

Attorney answers (3)

  1. Charles Edward Mcwilliams Jr.

    Contributor Level 14

    2

    Lawyers agree

    Answered . As noted, the cost will be somewhat dependent on the circumstances. Are you setting up a trust that will be funded with your assets after you die, or are you setting up a trust for your disabled daughter which will assist her during her lifetime (and your own)? There is a significant difference between these forms of trusts - both in how they are structured and how much they cost. If she is receiving governmental assistance, it is imperative the proper type of trust be employed, and you will need a qualified estate planning attorney to make those decisions. You can find attorneys in your area by searing AVVO. Good luck.

    NOTE: If you find this response helpful, please click on the “thumbs up” button at the bottom. DISCLAIMER:... more
  2. Roman Aminov

    Pro

    Contributor Level 13

    2

    Lawyers agree

    1

    Answered . There is good book on the topic for consumers from Nolo
    http://www.nolo.com/products/special-needs-trus...

    The best advice, however, would be simply to speak to an experienced attorney in your area. You can easily find one here and many offer free consultations. Best of luck.

    Sincerely,

    Roman Aminov, Esq.

    Law Offices of Roman Aminov

    147-17 Union Turnpike | Flushing, New York 11367
    P: 347.766.2685 | F: 347.474.7344
    Roman@AminovLaw.com | www.AminovLaw.com

    This answer does not constitute legal advice and no attorney client relationship has been formed. Before choosing... more
  3. James P. Frederick

    Contributor Level 20

    2

    Lawyers agree

    1

    Answered . The answer to your question depends a great deal on the circumstances. I have seen situations where these trusts could be set up for next to nothing. If your daughter is receiving government assistance, you need to be particularly careful so that your estate planning does not jeopardize her continued benefits. An estate planning lawyer can and should set this up for you. I would check with a number of attorneys in your area and see who you feel the most comfortable with.

    James Frederick

    *** LEGAL DISCLAIMER I am licensed to practice law in the State of Michigan and have offices in Wayne and... more

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

28,524 answers this week

3,155 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

28,524 answers this week

3,155 attorneys answering