Visible National Trust is a leading provider of financial solutions for families with special needs, offering a comprehensive approach to managing personal injury settlements. In this case study, we explore how Visible National Trust can address the challenges faced by individuals or class action litigants seeking compensation for permanent disabilities.
The Situation
- Individual or class action litigation for compensation due to an injury resulting in a permanent disability according to the Social Security Administration (SSA) guidelines
- A significant financial lump sum settlement is the likely outcome of the litigation
The Challenge
- In preparation for the settlement, parents and legal advisors wish to select and advocate for the best special needs trust structure and provider
- Legacy special needs trust providers have recently faced major challenges, including theft and malpractice, leading to a need for a more reliable and trustworthy solution
Visible National Trust’s Solution
- Visible National Trust is a comprehensive solution that includes an institutional trustee, professional and compassionate trust administration, and the highest possible quality investment, custody, banking, payments, and recordkeeping services[1][2][4].
- Visible’s disability specialist team can assist in accurately calculating the costs of care for disabled beneficiaries in each state, ensuring the settlement is appropriately structured
- Families and advocates have online access to their loved ones’ separate trust accounts, including account balances, transactions, contributions, and distributions
- Assets in Visible trust accounts do not count as resources for purposes of benefit eligibility, ensuring continued access to disability services
- With the pricing power of a pooled special needs trust, Visible brings market-leading, completely transparent pricing to courts, counsel, and clients
- Managing a large settlement award so it lasts a lifetime can be challenging; Visible’s beneficiary-focused investment policies and investment portfolios provide the comfort of institutional stewardship of beneficiary funds
Conclusion
Visible National Trust’s comprehensive solution provides families with the peace of mind and financial security they need when navigating the complexities of personal injury settlements and special needs trust management.