Senior Vice President Peter J. Johnson, Esq. was recently quoted in the Philadelphia Inquirer for an article on helping adults with disabilities. He offered his unique perspective on special needs trusts and the ways in which they can be beneficial for those with intellectual or other disabilities.
“For those adults with disabilities living into old age, there are special estate planning options, said Peter Johnson, senior vice president with Pennsylvania Trust in Radnor. He specializes in financial planning and creating what are called ‘special-needs trusts’ for those with intellectual and other disabilities. A special-needs trust protects any assets the adult children might inherit, as well as making sure they aren’t disqualified from medical and Social Security benefits.”