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Special Needs Trust

Why is a Special Needs Trust Important?

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Text reads: Title: Why is a Special Needs Trust Important? With assets over $2,000, your child may lose eligibility for benefits such as:

Supplemental Security Income (S S I).
Medicaid.
Vocational rehabilitation.
Subsidized housing.

Note: The amount of assets a person can have before losing state or local benefits can vary depending on the state and the source of the benefit.

If an adult child with a disability has assets over $2,000 (homes are excluded from counting as an asset for benefit qualification), then he or she may lose publically funded benefits, such as Supplemental Security Income (SSI), Medicaid benefits, or may need to pay out of pocket for vocational rehabilitation, subsidized housing, and other benefits based on need. Note: The amount of assets a person can have before losing state or local benefits can vary depending on the state and the source of the benefit.

What is a Special Needs Trust?

Why is a Special Needs Trust Important?

How can a Special Needs Trust be used?

How do you establish a Special Needs Trust?

Additional Information?

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