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October 2014

When (and How) to create a Special Needs Trust

A Special Needs Trust is one that is designed to supplement the government benefits that your disabled child receives. Because of this, they are sometimes referred to as Supplemental Needs Trusts. Once parents have decided to create a Supplemental Needs Trust for their son or daughter, they may wonder when to move forward. Since the trust will help serve as a source of financial support for your special-needs child as they age, the answer is simple: the sooner the better. Life can be unpredictable, and since the trust is designed to help finance necessities that aren’t covered by governmental benefits, it’s best...

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