First-party special needs trusts, often referred to as "self-settled" or "payback" trusts, play a crucial role in providing financial security for individuals with disabilities. These trusts are established using the assets of the individual with disabilities and are designed to maintain their eligibility...
If you have a child with disabilities, it is crucial to set money aside for the child’s future. At the same time, you need to consider your child’s access to public benefit programs such as Medicaid and Supplemental Security Income (SSI), as well as the state and federal tax...
Understanding Special Needs Trusts
A Special Needs Trust is a trust that is established for an individual with special needs who is or may become dependent on public benefits. The trust is specifically identified to meet certain supplemental needs and to enhance the quality of life for the beneficiary, the...
