Designing Trusts for Beneficiaries with Substance Abuse Problems

You can't just take the usual wording from a trust for a minor or a beneficiary with a disability and use it as a model. This type of trust needs to be designed to meet specific needs.

(Image credit: Petar Chernaev)

Editor’s note: This is the first part of a three-part series on trusts for people with substance use disorders. Click here for part two and here for part three.

When planning their estates, an increasing number of families find themselves needing legal advice on how to address the reality that one of their intended beneficiaries, typically a child or grandchild under age 40, is addicted to opioids or alcohol.

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Martin J. Hagan, J.D.
Partner, Private Clients Group, Meyer, Unkovic and Scott

Martin J. Hagan, a partner at Meyer, Unkovic & Scott, has been serving clients in the areas of estate planning and administration, estate and gift taxation, special needs trusts, elder law, and estate and trust litigation for over 35 years. Hagan earned his Bachelor of Arts and Juris Doctor from the University of Notre Dame.