Like many other states, Texas allows people to create special needs trusts that can provide financial help for people with disabilities. There are strict rules on how to set up a special needs trust and limitations on how the trust assets can be used. If these rules get violated, innocently or otherwise,...
Category: Special Needs Trust
What Can a Special Needs Trust be Used For?
A Special Needs Trust can be used during your lifetime to provide for a loved one with special needs. The trust may also be used after your death to protect your loved one’s inheritance while providing for the needs of your loved one. These types of trusts can be complex, and the consequences
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How Do You Fund a Special Needs Trust?
A Special Needs Trust refers to an estate planning tool that allows you to provide for a loved one who has special needs. With a Special Needs Trust, you can protect assets so that the person can qualify for important government benefits, such as SSI and Medicaid. However, to fund a Special Needs...