Court Allows Survivor Retirement Benefits Payable to a Supplemental Needs Trust

In an earlier posting, we provided an overview of the benefits of a supplemental needs trust (also known as a “special needs trust”) for a disabled child.  However, funding such trusts can pose some challenges.  Recently, the highest court in New Jersey ruled in favor of allowing a retired firefighter to name a supplemental needs trust created for the benefit of his disabled son as the survivor beneficiary of his retirement plan.  For more information, see the following link:

http://www.naela.org/Public/Library/Publications/Publications_Main/NAELA_News_Archive/NAELA_News_2014/OctNov/Litigation.aspx