A Special Needs Trust is a trust made for the benefit of a person with a disability. It has specific terms that allow the assets held in the trust to not be counted against that person for purposes of qualifying for government benefits.

If you have a child or grandchild with a disability and wish to leave them something at the end of your life, creating a special needs trust for their benefit is vital. In many cases, having a Special Needs Trust can make the difference between being eligible for government benefits and not being eligible. Supplemental Security Income (SSI) and Medicaid are benefits available to disabled persons who meet strict financial criteria.

Since a trust is technically a separate entity from the person whom it benefits, a person with a disability can have a trust for their benefit without the assets in the trust counting as their own. The terms that govern the Trust depend on whose money is going into the trust, and the benefits the disabled individual may want to receive in the future. We can assist you with creating the right Trust for your loved one.