Trust management is not without its difficulties. Unawareness on special needs child requirement can lead a trust to ineffective management of the corpus. There are different elements attached to a trust management and each one of them is important. Then there are specialized services where a trustee may not have enough expertise. That’s where professionals like us are required.
We offer the following services for a trust created for a special needs child:
- Guidance on Special Needs Child requirement – A trust created for a special needs child cannot run if the requirements for the child are unknown. We help in identifying the child’s requirements so that the corpus can be utilized efficiently.
- Income Tax Return Filing – A private trust can be taxed at a different rate based on the structure it is created. We, with the help of tax experts, assist a Private trust for special needs children in filing their income tax returns.
- Investment Planning & Management – Managing the corpus of a trust efficiently is highly critical. This is the fund that will fulfill sthe pecial needs child requirements for his/her lifetime. We provide services to trusts in managing their corpus. This service includes identifying the right investment avenues for the Trust, monitoring investments, monitoring funds requirement for special needs child and assessing the cost of managing the trust.
- Identifying Different Areas of Services- With a special needs child, there are different services which have to be availed- therapist, special educators, vocational training, and others. Through our services, we assist trustees in identifying different service areas for children and finding the right resources to meet them.
There are many other areas where a trust will need assistance. We, along with other experts, assist trusts in managing the special needs child affairs. If you are a trustee or a parent running a trust, schedule an appointment with us to understand how we can assist you in running the trust for your childcare.