How a supplemental needs trust can ensure lifelong care for your child
With a desire to be fair to all of their children, parents will often plan to divide their estate among them, leaving an equal portion to each.
“But if one child has special needs, an equal division of assets can result in the loss of that child’s government benefits, such as Social Security Income and Medicaid,” says Bernie Garrah, a financial adviser and Special Care Planner at Skylight Financial Group. “Instead, parents should consider setting up a supplemental needs trust.”
Read more here: How a supplemental needs trust can ensure lifelong care for your child – Bernie Garrah, Skylight Financial Group.
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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.