Can a Special Needs Trust Pay for Vehicle Insurance?

  • July 5th, 2024
Q
Can a special needs trust pay for vehicle insurance?
A

In theory, yes. But the specific answer will depend on the terms of the trust and who owns the vehicle. If it’s owned by the trust beneficiary, than the answer is probably yes. If it’s owned by someone else, the answer depends on how much the vehicle is used for the trust beneficiary.

Harry S. Margolis practices elder law, estate, and special needs planning in Boston and Wellesley, Massachusetts. He is the founder of ElderLawAnswers.com and answers consumer questions about estate planning issues here and at AskHarry.info.

Local Special Needs Planners in Your City

Planner name

Firm Name
City, State

Planner name

Firm Name
City, State

Planner name

Firm Name
City, State


Last Modified: 07/05/2024

Topics

View All Special Needs Topics Questions & Answers Directory of Pooled Trusts Directory of ABLE Accounts