What is a Special Needs Trust Used For?

special needs adult TrustFor centuries, trusts have allowed parents to set aside money for that their children could access when they got older.

But for some parents, it’s not that simple. If you have a child or other loved one with special needs, you might worry about how they can support themselves after you’ve gone.

That’s where a special needs trust comes into play. This is a trust set up to help a disabled person who receives government benefits such as Medicaid or Social Security. It is administered by a trustee, who can be a relative, friend, or someone you designate to handle the trust.

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