Special Needs Trusts

Avoid Disqualification

If you want to leave an inheritance to someone with a disability, careful planning is essential. A direct gift could disqualify them from receiving Supplemental Security Income (SSI) and Medicaid. To avoid this, you can create a Special Needs Trust, which holds assets for their benefit without affecting eligibility for public benefits.

Choose the Right Trustee

In the case of special needs, you’ll need to name a trustee to manage and use the Trust funds on your loved one’s behalf. Unlike revocable trusts, a trustee of a Special Needs Trust has to comply with federal laws, so choosing the right trustee is more challenging.

Why it Works

Because the beneficiary has no control over the assets, the Trust won’t interfere with SSI or Medicaid; it remains in place until the funds are exhausted or the beneficiary passes away.

An Option to Consider

If someone in your family has special needs, it’s critical to include a Special Needs Trust in your estate plan. Doing so will protect the money you have set aside for your special needs beneficiary and ensure he or she has access to those funds to enhance his or her quality of life. We have the experience and expertise to help you protect benefits while enhancing your loved one’s quality of life.

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