1. Patients launch $1.27 million crowdfunding campaign for ME/CFS gut microbiome study.
    Check out the website, Facebook and Twitter. Join in donate and spread the word!
August 8th - What is the one thing about suffering with severe ME that the world needs to know?
Andrew Gladman brings our coverage of the Understanding & Remembrance Day for Severe ME, airing the voice of patients ...
Discuss the article on the Forums.

Estate Planning: Special Needs Trust.

Discussion in 'Finances, Work, and Disability' started by Ema, Mar 14, 2014.

  1. Ema

    Ema Senior Member

    Messages:
    3,189
    Likes:
    3,336
    Midwest USA
    Some recent threads have gotten my family thinking about whether or not we are adequately prepared for my future in terms of financial planning.

    It looks like we will be consulting with an estate planner in the near future, but I found this article which may provide some insight on the options available.

    A Special Needs Trust can help to protect inheritance assets from causing a disabled individual to lose Medicaid benefits etc...

    It's hard to think about these kind of things. But I imagine it's harder to face them in a time of crisis as well.

    http://specialchildren.about.com/od/longtermplanning/qt/fftrust.htm
  2. minkeygirl

    minkeygirl Senior Member

    Messages:
    2,200
    Likes:
    1,393
    Left Coast
    My cousin has a Special Needs trust for her daughter who has Huntington's disease. One thing about the trust is that if for some reason the recipient is no longer here, the money in the trust goes to Medicaid. Check on that with the atty.

    They can be complicated and expensive to set up but worth it if it protects someone who inherits the money but aside from that has nothing.

See more popular forum discussions.

Share This Page