Do I Need Two Special Needs Trusts for Two Special Needs Children?

I recently met with a family that has two children with special needs. They asked me a very good question:  Do I need two Special Needs Trusts?  One for each child? Or, can we create one joint trust?

In a perfect world, each child would have his or her own Special Needs Trust. However, administering two trusts with its own assets could be very complex. Depending on the family’s situation, it could be possible to set up one Special Needs Trust with multiple beneficiaries in order to avoid unne...