Special needs trusts (also known as supplemental needs trusts) are important for parents of children with special needs to understand. Having one can make a huge difference in the quality of your child’s life if tragedy strikes.
Unfortunately, the information you’re likely to find about them on the Internet is often perplexing and difficult to understand. Before you know it, you’ve wasted a lot of time and still feel confused.
This course is my attempt to explain the basics of special needs trusts in a simple and easy to understand way. Hopefully, you will agree.
The 3 Part Series on Special Needs Trusts for Parents of Children with Special Needs
1. What is a Special Needs Trust?
- What’s a “trust” in legal terms?
- What’s the purpose of setting up a trust for my child with special needs?
- How can I protect my child’s Medicaid eligibility?
2. How to Know If You Need to Setup a Special Needs Trust for Your Child
- What’s the key question to ask myself to determine if I should create a trust for my child?
- What will happen if I fail to create a special needs trust for my child?
- How do I get started?
3. Choosing a Special Needs Trust – An Explanation of the Different Types
- What are the differences between the following types of trusts?
Third-Party
Testamentary
Pooled
Standalone
- Which one is right for you?
