Special Needs Trusts
One of the most pressing issues for families concerned about the care of a relative with disabilities is the question of how to provide for that individual when life circumstances change. A special needs trust (sometimes referred to as a supplemental needs trust) is a legal document specifically designed to benefit individuals with disabilities. Such trusts may also avoid the loss of access to essential government benefits for the beneficiary. A special needs trust can be created at any time in a beneficiary’s life up to age 65. In terms of estate-planning, it is a valuable tool in the desire to provide for the future of a family member with disabilities. It is important to remember that a special needs trust can be used, according to law, to provide "supplemental and extra care over and above what the government provides." Thus, it can provide extras for the individual that can improve quality of life while maintaining eligibility for government benefits. For additional assistance on this complex issue, please see the following links:
Special Needs Alliance
Find a Special Needs Alliance Attorney in Missouri
Midwest Special Needs Trusts
Special Needs Alliance
Find a Special Needs Alliance Attorney in Missouri
Midwest Special Needs Trusts