Many people assume that Special Needs Trusts (SNTs) are only for parents to establish for their children. However, siblings, grandparents and even friends can also create an SNT to benefit their loved ones with special needs.
An SNT is a specialized trust designed to provide for the unique needs of individuals with disabilities, while also protecting their eligibility for government benefits. Legal support is often essential in setting up these trusts correctly to ensure compliance with regulations and maximize the benefits.
Why siblings should consider an SNT
If you are someone with a sibling with special needs, you may be concerned about their future care and well-being. By establishing an SNT, you can:
- Ensure that your sibling receives the necessary resources and support to thrive
- Supplement government benefits, such as Medicaid and Supplemental Security Income (SSI), to enhance their quality of life
- Protect your sibling’s eligibility for these benefits, which are often essential for their care
When parents are no longer able to care for their child with special needs, siblings often step into the caregiving role. By proactively setting up an SNT, you can ensure your sibling’s financial security and continued access to vital resources.
Empowering your family’s future
Taking proactive steps today ensures a lifetime of support and happiness for your beloved sibling. By understanding and utilizing tools like Special Needs Trusts, you can confidently contribute to protecting your loved one’s future. Embrace this opportunity to provide lasting protection and enhance the quality of life for someone dear to you.
