Do you have a beneficiary with a disability or for whatever reason they cannot manage money effectively? The best way to provide for such a beneficiary following your death may be to leave it in a trust for them. A trust can preserve valuable public benefits like Medi-Cal and SSI for a disabled beneficiary and ensure proper management of the funds. Some people think their only option is to leave the money to another relative with an informal agreement to use the money for the intended beneficiary but there is a better way.
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