Special Needs Trusts are designed specifically to benefit those with physical or mental disabilities and those without the ability to manage their own finances. Special Needs Trusts serve to protect the beneficiary financially and if structured appropriately, allow the beneficiary to continue to receive essential government assistance.

The trustee appointed to a Special Needs Trust can be a trustworthy family member or a third-party trustee. Choosing the right trustee is vital to the success of the trust, especially when establishing a trust for a younger beneficiary.

Many families are unsure of whether or not they would benefit from a Special Needs Trust. It’s important to talk to a reputable trust company or attorney to get a better understanding of your specific situation.