SECURING YOUR CHILD'S FUTURE: THE IMPORTANCE OF SPECIAL NEEDS TRUSTS

BY BIANCA FARR

A parent's wish is that their child grows to be an independent, productive member of their community. For parents with a child with a disability, a different approach may be necessary to achieve independence and inclusion within the community.

"What will happen when I'm gone?" This is the universal question that parents and family members ask when planning for their child's future – and especially when planning for the future of a child with a disability. Will their loved one be taken care of? Can their child receive an inheritance or life insur

ance proceeds – and what will happen to those funds, if they do? How do families ensure that their child keeps their public benefits (Medicaid, Social Security, SNAP benefits, housing)? Will their loved one have a good quality of life? No one can predict the future, but proper planning can offer families some hope and security.

RECIPE FOR SUCCESS: A special needs trust is an important financial tool that may provide peace of mind that your child's future is secure and that they will be well taken care of long after you are gone.