As March is National Developmental Disabilities Month, many Maryland parents may find themselves considering many aspects of their disabled children's lives. Further still, parents may be considering their own lives and what will happen to their children when those lives come to an end. Luckily, individuals can utilize estate planning tools like a special needs trust to create helpful plans for their children's futures.
A special needs trust can be particularly useful as it allows parents to leave funds and other assets to their special needs children without jeopardizing any government benefits those children may be receiving. As a result, the children can continue to receive much-needed benefits as well as gain funds that can help them take care of other living expenses. Because there are several different trusts of this type, individuals can determine which best suits their needs.