Protecting government benefits
Sometimes, a disabled individual needs to protect their current or future public benefits. In fact, assets over a certain limit can actually disqualify their benefits. The solution? Establishing a “special needs” or “supplemental needs” trust. It provides a safe harbor for the disabled individual’s assets. That way, assets aren’t counted when determining eligibility for public benefit programs.
Because assets in the trust can be used to pay for needs that government programs don’t cover, a special needs trust can improve your loved one’s quality of life. The trust can make funds available for special therapies, procedures and equipment, as well as for education, training and other items to make your loved one’s life more comfortable.