A special needs trust provides for the care of a beneficiary that is unable to care for themselves. It is often set up to provide for disabled people. It can also be set up to anticipate the needs of an elderly parent.

In some cases, a special needs trust could be utilized to include treatment of substance abuse or gambling problems in such a way that the assets would never become available for other uses. Usually, it will only provide for beneficiaries to the extent of their perceived needs over and above what government assistance provides.

Most of the time, a special needs trust is set up with the intention to not disqualify a person from government assistance. In many cases, the addicted person would suffer from an addiction so badly that they had become unable to be productive in society.

The bottom line is that a special needs trust is intended mostly for beneficiaries with medical or psychological disabilities, and is intended to keep someone on the government roles, not replace public funding.

Take Steps To Plan Your Legacy

Evaluate Status

Click to Complete the Estate Transition Check List

Evaluate your family’s odds of achieving a successful asset transition. Complete the 1O-question Estate Transition Checklist to determine how prepared you and your family are to achieve your asset transition goals.

Complete the Estate Transition Checklist

Determine Priorities

Click to Take the Estate Planning Priorities Survey

Our Personal Estate Planning Priorities Survey, in combination with the Estate Transition Checklist, will help determine your vision and goals for your estate plan and how it is administered by your heirs.

Complete the Survey: Estate Planning Priorities