If you are one of the many residents in California who is the parent of a child with special needs, you understand the unique concerns you face when considering how to support your child and their needs for the duration of their life. A special needs child might not have the ability to work to a level at which they can financially support themselves, making it important to you that you establish some means of ongoing income for them. A special needs trust may be a good option for this.
You may already know that special needs trusts are available for you to provide financially for a disabled loved one in California, both now and after your death. You may also know that special needs trusts allow you to provide funds for a disabled family member for life-enhancing expenses, such as entertainment, travel or pet care, without affecting his or her eligibility for government assistance programs. However, you may not understand the different types of special needs trusts available or how to decide which will be the best fit in your particular family situation.