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Special Needs Trust

Monday, July 27, 2020

5 Things You May Not Know About Special Needs Trusts in Texas


Garden-variety estate planning will not get the job done when you have a child with special needs. You want to provide financial security for your child’s future, but if he inherits assets directly from you when you die, he might lose his eligibility for public assistance programs like Medicaid and Supplemental Security Income (SSI). Losing those benefits could cost him far more than the amount you give him in your will or through intestacy.

Estate planning laws in Texas and other states created a specialized type of trust that addresses this problem.

What You Should Know About a Special Needs Trust

A Special Needs Trust, also called a Supplemental Needs Trust, lets you arrange for some financial means for your child without jeopardizing his access to government benefits.
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Saturday, December 22, 2018

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 for getting it wrong – dire. It is best to work with an experienced Read more . . .


Friday, September 7, 2018

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, a Special Needs Trust should be carefully structured with the assistance of a Texas special needs trusts lawyer.


Read more . . .


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