Tag Archives: #SpecialNeeds

How Will Expanding Access to Special Needs Trusts Help People with Disabilities?

A new law bundled in with the 21st Century Cures Act expands access to special needs trusts. The law, known as the Special Needs Trust Fairness Act, gives people with disabilities the option to create their own special needs trusts instead of relying on a parent, grandparent, legal guardian or court to do it for them. How Do Special Needs Trusts Help People with Disabilities? Special needs trusts can be very beneficial to disabled individuals. A special needs trust provides loved ones with a way to leave money to disabled beneficiaries after they die without disqualifying them from receiving government benefits. Leaving loved ones with special needs money directly after you die could result in them losing their eligibility for Social Security disability insurance (SSDI) and other types of government benefits. With a special needs trust, you can provide financial support to a disabled loved one after you die in…
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