Individuals
who are “disabled” for purposes of Social Security can qualify to be
the beneficiary of a “Special Needs Trust.”
Through
the use of Special Needs Trusts, assets can be allocated for the use and
benefit of a beneficiary without disqualifying the beneficiary from
governmental benefits, such as Medicaid and Supplemental Security Income.
Often established for the victims of an injury or accident, Special Needs
Trusts can be implemented in most any situation where the intended
beneficiary is disabled, allowing for unique planning opportunities for
relatives of disabled individuals.