The management and distribution of funds from a special needs trust can be assigned to a family member or a corporation, such as a trust company or trust department of a bank. While family members may offer personal interaction, managing a special needs trust can be challenging and time-consuming.
Some financial institutions provide better personal interaction with the special needs beneficiary, while others may not. It is essential to carefully consider and select the trustee to avoid conflicts, delays, and additional costs.
For more information on Planning For Children With Special Needs, an initial consultation is your next best step.