Special Needs Trusts
Explore insights on how special needs trusts protect assets without affecting benefits eligibility, aiding families in their planning.
How do special needs trusts ensure continued government benefits for individuals with disabilities?
Special needs trusts help maintain eligibility for essential government benefits such as Medicaid and Supplemental Security Income (SSI) by keeping assets in a legally protected trust. This structure prevents the trust's assets from being counted as personal assets of the beneficiary, which could otherwise disqualify them from receiving these critical benefits. Such trusts are commonly used to pay for additional needs like medical care, personal care, education, and entertainment, which enhances the quality of life without violating asset limits【4:0†source】.
