Sometimes, due to an inability to determine whether a child with special needs will be self-supporting and earn income as an adult, parents cannot assess the child\u2019s future eligibly for government benefits. This is often the case with children who have Asperger\u2019s syndrome or mild autism.<\/p>\n
In such a case, locking assets up in a Special Needs Trust may not be the best way of utilizing assets for the child\u2019s care. There are strict guidelines for the disbursement of a Special Needs Trust\u2019s assets, which are to be used to pay for services not covered by Medicaid, for recreational and cultural experiences and, for the most part, services or items that would enrich the beneficiary\u2019s life. It is important, therefore, that the trust has sufficient flexibility to adapt to changing circumstances. One way of doing this is to initially structure the trust as an inter vivos trust for the benefit of the (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Sometimes, due to an inability to determine whether a child with special needs will be self-supporting and earn income as an adult, parents cannot assess the child\u2019s future eligibly for government benefits. This is often the case with children who…<\/span><\/p>\n