Experts suggest trust funds for children with special needs
On warm summer evenings, Jerry Newcomer likes to go out to the barn with his parents. He gives the cows water, pets the cats and sits in his rocking chair. His parents, Dale and Connie Newcomer know their life as a family can’t last forever. While other parents need to think about wills and inheritances, the Newcomers’ situation is more complicated.
Jerry, 44, still lives on their Warrington Twp., York County, farm because he has mental retardation and cerebral palsy.
The Newcomers needed to make sure the money they leave him won’t make him ineligible for insurance and services he needs. So they’ll leave his inheritance to a special-needs trust set up to protect Jerry and his assets.
via Experts suggest trust funds for children with special needs | PennLive.com.
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About The Author
Julia Roberts
Julia Roberts is founder of Support for Special Needs and has been a regular contributor since its inception in May 2010. A mom to two kids with special needs, she didn't want other parents to feel what is the often isolating world of raising a child (or two!) with disabilities. Her kids had kidney transplants at the age of eight and will need liver transplants in the future as a result of ARPKD/CHF. They both have vision disorders and learning disabilities.