Understanding Special Needs Trust

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Special Needs Trusts and Able Accounts:

 

A special needs trust is set up for a person with special needs to supplement any benefits the person with special needs may receive from government programs. A properly drafted special needs trust will allow the beneficiary to receive government benefits while still receiving funds from the trust.

 

An ABLE account enables eligible individuals with disabilities to save money in a tax-exempt account that may be used for qualified disability expenses. This will allow qualified individuals with disabilities to save money while keeping their eligibility for federal public benefits.

 

Please contact us to discuss your role and learn your rights and responsibilities in a guardianship relationship.