A Special Trust for Individuals with Special Needs

If you are caring for a disabled spouse, child, or other relative, one of your concerns may be to provide for the future of your loved one. However, you don’t want to jeopardize his or her eligibility for government and private benefit programs.

Fortunately, there is a planning device designed to help you meet this need. A special needs trust is specifically arranged to provide continued financial assistance to anyone with a debilitating mental or physical condition who is under your care. The trust makes assets available to a disabled individual without disqualifying him or her from government benefits, such as Supplemental Security Income (SSI) and Medicaid. One major advantage of a special needs trust is that the trustee you choose will execute the terms of the trust long after the financially contributing family members have passed away. Choosing our organization as your trustee will ensure that your trust provides the permanence and professional management that you desire.

Providing financial assistance to a disabled individual without jeopardizing public aid can be a challenge. A special needs trust may be an appropriate solution. For more information, please contact us.

If you want to know more about First Market Bank's Trust Department or trusts in general please call us at 1-804-327-5749.