When preparing for the future of a child or family member with a disability, many parents and guardians plan to set up a special needs trust.\u00a0<\/p>\n
This unique kind of trust can provide for many of the supplemental needs of a disabled person without jeopardizing that person\u2019s eligibility for vital government benefits, including Medi-Cal and Supplemental Security Income. However, few know that there are concrete benefits to setting up such a trust sooner rather than later. <\/p>\n
Start growing now.<\/strong> Ensure that the trust has the most beneficial structure.<\/strong> When preparing for the future of a child or family member with a disability, many parents and guardians plan to set up a special needs trust.\u00a0 This unique kind of trust can provide for many of the supplemental needs of…<\/span><\/p>\n
\nWhen parents or grandparents set up and put money into a special needs trust during their own lifetimes, it can start to grow immediately. From the time the trust is established, anyone can contribute to it \u2013 uncles, godparents, friends \u2013 creating an especially beneficial way for loved ones to contribute to your child or family member\u2019s future.<\/p>\n
\nSome special needs trusts, especially those created for assets (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"