A special needs trust (sometimes called a supplemental needs trust) is designed to allow individuals with special needs to access additional funds without risking the loss of their government benefits.
Many people with special needs face numerous expenses due to their disability or impairment. At the same time, these individuals also often rely on government benefits such as Medicaid benefits or Supplemental Security Income (SSI) benefits.
A special needs trust is one way to allow someone with special needs to maintain a higher quality of life. It gives them access to funds that can be used to pay for a variety of common disability expenses, without sacrificing their eligibility to receive public benefits. Read more.