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Help! Do I need a special needs trust?

A special needs trust is a document that allows you to hold or protect assets for your beneficiary with disabilities. Here are some reasons why you should establish a special needs trust.

  • To choose someone to serve as a trustee, especially if your beneficiary is unable to manage finances
  • To protect assets for your loved one without affecting their SSI or Medicaid
  • To protect your assets from creditors

While establishing a special needs trust differs depending on your situation, you need to consult with an estate planning attorney to advise you accordingly. Contact Granholm & Gynac today for more information about special needs trusts.

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