What trusts can be used to leave funds for special needs kids?

What are the types of funds that can be used to leave money for disabled
kids without interfering with public benefits?

Asked on December 19, 2017 under Estate Planning, New York

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

You need to have what is called a "Special Needs Trust" created for the disabled person.  A Special Needs Trust can supplement government benefits (like Medicaid benefits) without interfereing with his or her ability to receive the benfits.  In other words, it is NOT COUNTED for purposes of income when applying for the benefits.  Seek legal help.  Good luck. 


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