Parents are aware of the need to make plans, but 66% say there is little financial planning information available that focuses on children with special needs. Surprisingly, 85% parents turn to their doctor for financial advice.Should trust business-development programs give more attention to this market segment?
If not, why?
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One difficulty with special needs trusts is that the laws are quite complicated and vary from state to state. It is dangerously easy to make a misstatement, so a reticence by trust officers to get into the subject is understandable. A consultation with a lawyer specialist is in order.
Plus, there are some delicate "political" issues here.
Still, if one plans to create a special needs trust, isn't a corporate fiduciary ideal? Or are trust departments wary of these types of trusts?
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