Special-needs trust can assure support for kids with disabilities
April 28th, 2008From the Kansas City Star:
An estimated one in 26 American families is raising children with disabilities, yet more than 80 percent of parents of these children have not established a special-needs trust.
A special-needs trust provides financial protection to those with disabilities, and also preserves their eligibility for Medicaid, Social Security income and other need-based benefit programs.
Experts say such a trust could preserve medical benefits worth hundreds of thousands of dollars over the life of the individual. The trusts help people get services they are entitled to receive through government programs.
The story contains tips for doing financial planning for children with disabilities, as well as resources for more information.
This entry was posted
on Monday, April 28th, 2008 at 4:03 am and is filed under Medicaid, NOT2BEMISSED, News_2_Use, disabilities, families, personal finances, social security.
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