Video Summary
Do I need a Trust for my child who has special needs? The answer to the question is, yes, you do. If you plan on leaving any money, or the child is to receive any money for their benefit. The purpose of the Special Needs Trust is to have a independent party called the Trustee to hold any money for the benefit of the special needs child and not require them to using the money that would disqualify them, disqualify the special needs from any entitlement from the state or federal agency. So, if you want to provide for a child with special needs, you need to have a Special Needs Trust and have that money be held by trustee and specifically provide that the money is not used in any way that would disqualify the special needs child from any entitlements from state or federal programs. If you have any questions about a special needs trust, you may call me at (727) 847-2288.