Special Needs Planning

Parents and others responsible for individuals with special needs are naturally concerned about what will happen to these loved ones after they are gone. In particular, clients often ask whether those with special needs can be provided for in estate planning without interfering with the benefits they might be receiving.

With planning, the answer is yes, through a tool called a Special Needs Trust. When tailored to the individual’s unique circumstances, a Special Needs Trust can enable a parent or other responsible person to leave assets for the individual without interfering with important housing, medical or other benefits. Properly drafted and administered, such a Special Needs Trust can supplement such benefits, thus enhancing the quality of life for the individual.