The Importance of Special Needs Trusts
Special Needs Trusts are an important part of Estate Planning for clients whose family members have disabilities or chronic illness. A Special Needs Trust (also referred to as a Supplemental Needs Trust) helps beneficiaries receive their inheritance while also following important guidelines regarding what the trust can and cannot pay for; so that the beneficiary with disabilities remains eligible to receive governmental benefits and public assistance. These trusts can be established by a parent or family member, and they can also be set up by a person with disabilities themselves.
With offices in Orange Park, Jacksonville, and St. Augustine, our Elder Law and Estate Planning Attorneys help clients establish Special Needs Trusts to cover expenses for people with disabilities that are not covered by other sources, while remaining eligible for public benefits.