Special Needs Answers
A Special Needs Trust (SNT) can preserve the financial security and lifestyle of a person with special needs. It allows the individual to benefit from supplemental resources while still qualifying for public benefits.
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Special needs trusts are designed to supplement basic support provided by government programs like Medicaid and Supplemental Security Income (SSI). They pay for comforts and luxuries not covered by public benefits.
Read moreAn inheritance from parents who fund their child's special needs trust by will rather than by revocable living trust is in the public record. Predators are particularly attracted to vulnerable beneficiaries, such as the young and those with limited self-protective...
Read moreMany disabled people rely on SSI, Medicaid or other government benefits to provide food and shelter. You may have been advised to disinherit your child with special needs - the child who needs your help most -- to protect that...
Read moreIncome paid from a special needs trust to a beneficiary will reduce SSI benefits by one dollar for every dollar paid to him or her directly. In addition, payments by the trust to the beneficiary for food or housing are...
Read moreIf I create a special needs trust, will I remain eligible for Medicaid and SSI?...
Read moreA parent with a child with special needs should consider buying life insurance to help fund the special needs trust set up for the child's support. What may look like a substantial sum to leave in trust today may run...
Read moreAsk us a question and we'll respond if possible. We receive a large number of questions and are unable to answer every one. But if you don't hear back, many questions are best answered by a local special needs planner. To find a qualified special needs planner near you, click here.
