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If you would like to bequeath your property, cash, or other assets to a person with a disability, a special needs trust is highly recommended. Unlike drafting a will and living trust, a special needs trust will preserve a special needs person’s eligibility for government benefits. It is important to draft a special needs trust thoughtfully with a well-informed plan to ensure your loved one remains eligible for government benefits.
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What is a Special Needs Trust?
A Special Needs Trust (SNT) allows a person or organization to manage assets for a person with special needs without hindering their eligibility for government benefits such as HUD housing assistance, In-Home Support Services (IHSS), Supplemental Security Income (SSI), and Medi-Cal. Assets including cash, stocks, bonds, and real estate can be put into a special needs trust.