The Special Needs Trust Fairness Act, as part of H.B. 34, the 21st Century Cures, was passed this week with bipartisan support. This Act will allow a person who has special needs to sign his or her own first-party special needs trust. Previously, only a parent, grandparent, guardian or court could establish such a trust for the beneficiary. This Act corrects an error in the law that presumes that all persons with disabilities lack the mental capacity to handle their own affairs. This is a significant milestone for people who have special needs and those who advocate for them. This will change the way some special needs trusts are drafted and administered.
The Special Needs Trust Fairness Act, as part of H.B. 34, the 21st Century Cures, has been passed!
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