4 Key Benefits of a Special Needs Trust

 Planning for the future of a loved one with disabilities involves careful consideration of their unique needs and circumstances. A special needs trust is an important tool that offers long-term support and security. At the Law Office of J. Marc Montijo in Tucson, AZ, we focus on crafting solutions that empower families to ensure their loved ones thrive. Below, we highlight four key benefits of creating a special needs trust.

1. Protects Eligibility for Government Benefits

 One of the primary advantages of a special needs trust is that it safeguards the beneficiary's eligibility for essential government benefits, such as Supplemental Security Income (SSI) and Medicaid. These programs have strict income and asset limits, and receiving an inheritance or large sum of money directly could disqualify a person with disabilities. A special needs trust ensures financial resources are available without compromising access to these vital services.

2. Provides Long-Term Financial Security

 A special needs trust allows you to set aside funds for your loved one’s future while ensuring the money is managed responsibly. The trustee you appoint will oversee the funds, ensuring they are used for approved expenses that enhance your loved one’s quality of life, such as medical care, education, or recreational activities. This ensures that your loved one will have continued support throughout their lifetime.

3. Offers Flexibility for Unique Needs

 Every individual with disabilities has unique requirements, and a special needs trust provides the flexibility to address these needs. The trust can cover a wide range of expenses, from therapy and medical devices to personal care assistance and housing costs. This tailored approach ensures your loved one has access to the specific resources they need to lead a fulfilling life.

4. Gives Families Peace of Mind

 A special needs trust is a valuable tool for families looking to ensure the well-being of their loved one, even in their absence. By creating a trust, you have the assurance that your loved one’s financial and personal care needs will be met according to your wishes. This peace of mind is invaluable for families planning for the future.

Establishing a special needs trust is a thoughtful and effective way to protect the financial security and overall well-being of a loved one with disabilities. It provides a solid framework to address their current and future needs while maintaining access to critical government benefits. The Law Office of J. Marc Montijo in Tucson, AZ is here to guide you through creating a solution that works for your family. Contact us today to learn more about how a special needs trust can support your loved one.