When you have a beneficiary with special needs, it's often in your best interests to provide for him or her through a special needs trust. In the event that you pass away, a special needs trust continues to provide benefits while protecting your disabled beneficiary's state and federal benefits by not increasing his or her income.
Some people deal with disabled beneficiaries by providing them with money through a family member. This isn't a good idea, though, as the family member could pass away or decide not to use the funds for the support of the disabled family member.
Remember that you should not ignore the beneficiary's needs when you make a trust. He or she may need this trust as a way to support the normal comforts of daily life, to have access to medical supports outside what Medicare or other providers would approve and to improve his or her quality of life.
When you do create this trust, choose the trustee carefully. You want to choose someone who is knowledgeable about finances and who is an ethical person. He or she should also be well-organized, since there are often deadlines and paperwork to deal with.
A special needs trust can go the distance in protecting your loved one with special needs. It helps him or her rely on his or her own money, not looking for help from family members. It's a good way to encourage independence while still providing the support your beneficiary needs to live a normal daily life like any beneficiary who doesn't have a disability.