Every child deserves a secure future, especially those with unique/special needs including all with IDD (Intellectual and Developmental Disabilities). This is why creating a special needs trust (SNT) is crucial, no matter your financial status. Reasons why include the following:
- Protection: A special needs trust safeguards your child’s financial future, ensuring they are cared for even when you are no longer around.
- Preservation of Benefits: By carefully managing assets through a trust, you can avoid jeopardizing your child’s eligibility for crucial government benefits such as Medicaid and SSI.
- Peace of Mind: Regardless of the amount of money and assets you may have, knowing your child’s needs will be met brings invaluable peace of mind.
- Empowerment: It empowers your child to live a fulfilling life by providing for their unique needs/requirements, be it therapies, medical expenses, or other essential support.
- Inclusivity: A SNT promotes inclusivity by ensuring your child can access resource and opportunities that enhance their quality of life.
Do not underestimate the significance of planning ahead. Even small steps can make a monumental difference in your child’s journey. For further details, please reach out to our team of special needs planners. They are here to help.
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