Special Needs Planning
Provide for Loved Ones After You’re Gone
What is a Special Needs Plan?
Special Needs Planning addresses the very real possibility that if you leave an inheritance to a dependent who is disabled or dealing with a long-term illness, he or she could lose eligibility for important government benefits. That’s where Special Needs Trusts can be so valuable. A Special Needs Trust provides for supplemental care and life-enhancing services and equipment beyond that which the government provides. Because the assets named in a Special Needs Trust are not considered countable assets, the Trust does not hinder the disabled person’s eligibility and qualification for government “needs-based” benefits such as Medicaid, Supplemental Security Income (SSI), vocational rehabilitation, or subsidized housing. Special Needs Planning also refers to the process making provisions for a loved one’s health, housing, and financial security after you are no longer able to care for them.