Why a Special Needs Trust is Important
A special needs trust is an important legal item that parents of special needs children should look into with the help of a family law attorney in New Jersey. At the same time, if you have an adult child or an elderly parent who has special needs, you should also look into the benefits of this type of trust. A special needs trust can help provide for your loved one without removing his or her eligibility for government benefits. How? The trust owns the assets, not the person for whom it was created. This means that the beneficiary of the trust is still eligible for Medicaid and Supplemental Security Income (SSI). Provide Assets for a Family Member Upon Your Death One of the most important reasons why you should create a special needs trust is for you to provide assets for a family member with special needs upon your death. These assets can be used by your loved one for anything, including paying ren