A special needs trust is a specialized trust crafted to maintain the quality of life of a Special Needs beneficiary.  A special needs trust preserves that quality of life while still allowing the beneficiary to receive needs-based government benefits.  Special needs trusts are useful to any family who has a special needs member, to continue their long-term care.

What can a special needs trust own?

Typically a special needs trust will be held in a managed investment account, but it can also own real estate, vehicles, and other investment mechanisms.

Who can be a beneficiary of a special needs trust?

A beneficiary of a special needs trust must be classified “disabled” by the social security administration.  Disabilities can be cognitive, physical, or both.

Who can be Trustees of a special needs trust?

A special needs trust Trustee can be a parent, a sibling, or an independent professional.  Please schedule a consultation to discuss the benefits and disadvantages of each.