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Setting up a special needs trust for your child with special needs is always a tough conversation to have. But having that conversation in the first place goes a long way in easing stress about the future.

In this episode, Tim Scannell is joined by Keith Wolak, an attorney and Certified Public Accountant at Hoeppner Wagner & Evans LLP for a conversation around special needs trusts. Keith speaks about both trusts and special needs trusts, and examines the risks and benefits of each, and how they work.

Keith discusses:

• The difference between a trust and a special needs trust
• The variance in special needs laws in different states, and why it’s important to speak with someone in your state about the laws
• The process of setting up a special needs trust
• Why creating a plan and having a conversation about special needs trusts is important
• And more

Resources: 

13. Advanced Planning Part 2 – Asset Protection for Special Needs Beneficiaries

Connect With Tim Scannell:

• tscannell@scannellwealth.com
• Hightower Great Lakes
• LinkedIn: Tim Scannell
• Twitter: Tim Scannell

Connect With Keith Wolak:

• kwolak@hwelaw.com
• 219 – 464 – 9791
• https://www.hwelaw.com/index.html 
• Keith Wolak on LinkedIn

About Our Guest:

Keith Wolak, an attorney and Certified Public Accountant, focuses his practice on estate and tax matters, which includes matters relating to minimizing estate taxes through wealth transfer contingency planning, as well as addressing fiduciary appointment. Mr. Wolak is a Board Certified Indiana Trust and Estate Lawyer, certified by the Trust and Estate Specialty Board. He has counseled clients on the various ways to effectively transfer wealth, including the use of Irrevocable Life Insurance Trusts, Testamentary Trusts, and Revocable Trusts. Mr. Wolak also prepares gift and estate tax returns. His work also includes representing estates in probate.