The Ins and Outs of Special Needs Trusts
If someone you care about has special needs, a special needs trust will help provide support for that person over the long term. Trusts are a legal arrangement managed by a trustee – either a family member, a financial institution or a legal administrator called a fiduciary. The trustee manages the trust, the assets it contains, and explains how it will be used for the beneficiary. When you leave money through a special needs trust, you won’t jeopardize the person’s eligibili