Determining what is going to happen to your family after you pass on can be a difficult thought, one that may be even more complicated if you have a child who will likely require lifelong assistance. If you are unsure about whether or not you will require a special needs trust, there are a few things you need to know. We at the Law Offices of Alice A. Salvo can help you determine which types of planning are right for you and how to best care for your loved ones in California.
According to the California Department of Health Care Services, there are different types of special needs trusts for which your loved one can qualify. Some are designed for younger people who are under the age of 65, while others can be used for disabled individuals of any age. If you plan to create a trust for someone aged 66 or over, be aware that the account will need to be managed by a non-profit organization.
There are several benefits you gain when you create a special needs trust. One is that the assets you bequeath that person will not affect his or her eligibility for public assistance benefits. If you do not create this trust and leave an inheritance to your loved one, he or she may no longer be able to qualify for this support.
Taking care of your loved ones after you pass can be complicated, but with the right help, you can be sure that your family members will receive what they need. This information is intended for your education and should not be taken as legal advice.