Provide for and protect the assets of your special needs child.
For parents of special needs children, a Special Needs Trust ensures your child will receive their inheritance without losing government benefits and protects your child’s inheritance from potential predators. A Special Needs Trust is only necessary for severe special needs situations where a child will always depend on a caretaker and/or receive government assistance.
Any parent concerned about the dispersion of estate assets to a special needs child who is severely physically or cognitively limited can set up a special needs trust to ensure appropriate handling of the estate inheritance to the child after their passing. A Special Needs Trust is used to make sure an inheritance does not impede the child’s continued receipt of government assistance as well as protects them from being taken advantage of due to their new ownership of the inheritance. You may set up a Special Needs Trust in addition to a Revocable Living Trust should you need the Revocable Living Trust for other beneficiaries.