SHOULD YOU HAVE A SPECIAL NEEDS TRUST?

Providing for the future financial
security of a family member with special needs is challenging. There are many
issues to consider: providing adequate funds to pay for an array of specialized
assistance, ensuring that eligibility for any SSI Medical Assistance benefits
are not jeopardized, and maintaining a fair and equitable distribution of funds
for all family members.

A Special Needs Trust may the planning
solution to meet these challenges. A recent article in the Pittsburgh
Post-Gazette
outlined how a Third Party Special Needs Trust might work for
“Bill and Susan,” a happily married couple in their late 50s with three adult
children, one of whom has been disabled since
youth and currently receives Supplemental Security Income (SSI). The article gives a clear explanation of the
challenges, some possible options, and special considerations.

Be sure to visit our web site where you can sign up for our free e-newsletter,
so you can stay abreast of the planning issues that affect you and your
loved ones.

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