A Special Needs Trust is a legal contract under Federal law in which someone (called a “trustee”) agrees to hold assets (money and/or property) for the benefit of a person living with a disability.
This type of Trust provides available financial resources to pay for items and services public benefits do not cover.
Trust funds can be used to pay for non-essential items and services such as companion care; entertainment; educational classes; additional therapy; alternative therapies such as chiropractic care, massage, and warm-water therapy; electronic equipment and some medications.
This type of Trust may aid in the establishment or continuation of government benefits.
A Special Needs Trust relieves the burden placed on family members and caregivers.
Trust funds are carefully managed by professional and experienced trustees.
In certain situations, family and friends may receive an inheritance upon death.