Planning for the care of a child with disabilities is a top concern for families with children who have special needs. Not only do parents worry about who will take care of their child at their deaths, they also worry about protecting their child’s eligibility for governmental benefits such as SSI and Medicaid. For many families, a Special Needs or Supplemental Needs Trust is an excellent planning tool to address some of these concerns.
A Special Needs Trust can receive the disabled child’s share of the parents’ estate, and allow the child to remain eligible for governmental benefits while at the same time creating a fund that can be used to supplement those benefits to provide for the child’s needs. Special Needs Trust funds can be used to:
- Pay for medical therapies that are not covered by Medicaid
- Provide funds for entertainment such as movies or sporting events
- Purchase a television or computer for the child’s use
- Pay for educational opportunities
- Pay for transportation so that a child can visit distant family, take a trip or go on vacation
Every family’s situation is unique – if you have a child with special needs, you need a thorough review of your plan by an experienced estate planning attorney.
To learn more about Special Needs Trusts click here to read Attorney Suzanne Sayward’s article, Five Facts to Know About Special Needs Trusts.
To schedule an appointment contact Samuel, Sayward & Baler LLC by phone at 781/461-1020 or by email using our Contact form.