Special Needs Trust
A Special Needs Trust is an estate planning tool for those who are concerned about the financial well-being of their disabled loved ones after their death. The purpose of this Trust is to enhance the quality of life of disabled individuals without jeopardizing their access to governmental aid and benefits.
Special Needs Trusts are also used to control funds of the special needs person gained by inheritance, life insurance or personal injury award. As long as the special needs person is not the Trustee of the Trust, there is no interference with qualification for SSI, Medicaid or other governmental programs.