What is a trusted advisor?

A trusted advisor is someone that an individual with disabilities can rely on for trustworthy advice and guidance when making decisions about their future. This could include someone in the individual’s family, such as a parent or sibling, a friend, caregiver, or teacher. It could also be a reference to a professional, such as a lawyer or financial planner, who can provide expertise on the legal, financial, and medical issues related to disability planning. In Texas, a trusted advisor must be approved by the court when setting up a trust for an individual with disabilities. The trusted advisor is responsible for managing the trust, making sure funds are used for the benefit of the individual with disabilities, and ensuring that the trust is not being abused or misused. When selecting a trusted advisor, it is important that they have experience in disability planning law and be someone that the individual with disabilities can trust and rely on for advice. The trusted advisor should also be aware of any changes to applicable laws and rulings that could affect the trust.

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