Supplemental Special Needs Trust

Two viable mechanisms which allow the accumulation of assets while preserving the public benefits of a special needs individual are a Special Needs (Third Party) Trust or when necessary, a Self Settled (First Party) Trust. These legal instruments are used by parents and guardians alike to amass the financial resources necessary to adequately fund the future and current needs of the special needs child or adult without detriment to the Medicaid, SSI or SSDI benefits that individual is currently or will be receiving in the future.

The ways of funding these trusts are varied, but Life Insurance is the most common financial tool used by many families, given the tax free death benefit and affordable premiums to fit most budgets.

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