The exact laws and regulations vary from state to state, so consult an attorney with experience in something called a specialneedstrust or a supplemental needstrust.
In addition, our New York SpecialNeedsTrust attorneys can assist clients with long-term care and asset preservation and protection planning for loved ones with disabilities that need around-the-clock care.
The bill, a long-term goal of both the National Military Family Association and the Survivor Committee of the Military Coalition, would make the funds accessible once the retiree passes away and would allow children of deceased military veterans to remain qualified for federal assistance while still being able to access the funds in their specialneedstrust.
Even if your family is wealthy and is not concerned about using government benefits for a disabled relative, you should still protect your disabled family member with a special or supplemental needstrust.
Because these same individuals could receive any funds remaining in the trust upon the death of the individual with specialneeds, courts are concerned that they may intentionally minimize funds provided to the disabled individual.
Dr Svendsen also founded The Elisabeth Svendsen Trust for Children and Donkeys in the UK, to provide riding therapy with donkeys for children with specialneeds and disabilities.