I am working with a family whose mom passed away with a trust that named two of her children as beneficiaries. One of them is on government disability, and recently had a stroke. If funds go directly to him from the trust, he will be disqualified from receiving the services he relies on.
A Special Needs Trust (SNT) is a valuable tool for protecting assets and providing for the future of a disabled individual. It allows families to provide for financial needs without sacrificing government services. By protecting assets from being counted as income, SNTs can help ensure that individuals receive the full amount of government benefits they are entitled to, while also supplementing their government income with private funds. This allows them to enjoy a better quality of life and protect their assets for future generations. Call me today to discuss creating a Special Needs Trust