What is a Special Needs Trust?

The Facts About Special Needs Trusts

A Special needs trust is a legal entity that can be used to set aside money for the benefit of an individual who has a disability.

Current law dictates that your loved one with an individual may have more than $2000 in income or assets to qualify for Medicaid services or Social Security benefits. A special needs trust can protect your loved one's eligibility for services and enhance his or her quality of life.

Special needs trusts can pay for supplementary items that can improve an individual's life, including:

  • Home & vehicle maintenance
  • Cable
  • Computers
  • Vacations
  • Therapies not covered by Medicaid
  • Educational expenses
  • Household goods & furniture
  • Medical equipment
  • Dental care not covered by insurance
  • Entertainment

Find a special needs trust attorney or estate planner by searching here.