Special Needs Trust
Children with special needs, or who developed special needs or disabilities after birth due to an accident or injury, typically need someone to handle their financial affairs. If this is your circumstance, you have specific considerations when it comes to your estate planning needs. Parents of special needs children need to ensure that their children will be taken care of properly. A Special Needs Trust (SNT) provides parents this comfort. As with any type of estate planning documents, there are some advantages and disadvantages to an SNT. Advantages SNTs are usually created for children who are unable to live independently for the rest of their life or handle their own finances. There are several advantages to this type of trust including: Children will remain eligible for financial assistance from SSI or Medicaid, and the SNT helps fund any care that is required above and beyond what is provided through these government services. Funds from an SNT are used to take care of the c