SPECIAL NEEDS TRUSTS
Special needs trusts (also known as Supplemental Needs Trusts) can provide benefits to, and protect the assets of, a physically or mentally disabled individual. Special needs trusts are frequently used to receive an inheritance or personal injury settlement proceeds. This trust is designed to manage assets for that person’s benefit while not compromising access to important government benefits, including Supplemental Security Income (SSI), Medicaid, and more.
A special needs trust can:
- Allow the protected person to receive supplemental and extra care over that is not provided by the government
- Ensure that your loved one will be provided for after the trust creator has passed
- Be tailored to meet the needs of the disabled individuals
A special needs trust is one of the best ways to ensure that a disabled loved one can receive the extra care that they need without losing their government benefits. It is important to visit with a skilled trust attorney about your options.