Families who support a family member with disabilities often worry about their long-term care. They want the ability to provide for their family member’s future while retaining access to important benefits. For families across California and Nevada, a special needs trust, also known as a supplemental needs trust, can provide a way to do both.
What a Special Needs Trust Does
Special needs trusts hold assets for someone who has a disability without affecting his or her eligibility for government aid, such as Medicaid or SSI. The trust helps control how funds provide for your family member while protecting the money from income and asset limits.
The trust helps pay for extras that government benefits do not cover to enhance daily life, including travel, entertainment or specialized education. Since the special needs trust holds the money safely, the government does not count the trust assets against your family member’s benefit limits.
Why Special Needs Trusts in California and Nevada are Beneficial
Special needs trusts provide peace of mind for families across California and Nevada. In these trusts, a named trustee manages and distributes the money, which helps protect vulnerable beneficiaries from exploitation or financial mismanagement. Special needs trusts are an effective way to protect your family members while reducing the risk of losing government aid and providing asset protection.