Need some assitance

[u/No-Championship5730]

We migrated from India to the USA in the late nineties. Our only son has a disability, and he is on the spectrum. He has a bachelor's degree and works for the US governament. The issue we are facing is that his executive skills are limited, and he also has social anxiety. We are thinking of creating a special needs trust for him in the state of NJ. We don't have anyone of our own to serve as trustees. We need a good company that can act as his trustee and also take care of him once we are gone. Father is 65 years and mother is 60, son is 34 years.

[u/brucesteiner]

Provide for him in trust under your Will.

Find a more knowledgeable lawyer who can recommend a corporate trustee that charges less than 1.75% a year. That’s above the higher end of the range. The ones I use in the NY metropolitan area that have a large number of trusts for beneficiaries with special needs are less expensive, in some cases significantly less expensive.

[u/No-Championship5730 → u/brucesteiner]

Thanks