Special Needs Trust

[Guest guest]

Benefits

issued by the government cannot always provide for the basic necessities of

life, and parents won't always be present to care for their kids. This was the

scenario for the Cotiauxes, who have an 18-year old son with mental

retardation. They knew that later in life the benefits their son received from

the government would not be enough to provide for their son's food and

clothing.

However,

a valuable solution is a Supplemental Needs or Special Needs Trust (SNT), which

can be established with the help of an attorney. A SNT allows a person with

disabilities the extra money he or she needs for haircuts, DVDs, or hobby

supplies. The SNT allows families safely to put away money for their children

without affecting the money the child receives from the government because the

trust is set up in another person's name with the individual with the

disability named as the beneficiary.

For more

detailed information on a Special Needs Trust, see the following website:

http://www.altonweb.com/cs/downsyndrome/index.htm?page=feetrust.html

Full

Story:

Hillary Chura, Meeting Special Needs and the Need for Peace of Mind, New York

Times, November 25, 2005,

http://www.nytimes.com/2006/11/25/business/25special.html?_r=1 & oref=slogin

(free subscription required)

For More

Information:

Association of University

Centers on Disabilities,

Legislative News in Brief: Medicaid Commission, AUCD, November 20, 2006,

http://www.aucd.org/in_brief/Nov2006.htm

*Note:

The Association of University Centers on Disabilities, or AUCD, is a non-profit

organization that promotes and supports the network of university centers on

disabilities across the country funded by the Administration on Developmental

Disabilities. AUCD seeks to advance " policy and practice for and with

individuals with developmental and other disabilities, their families, and

communities. " To visit AUCD's website, go to: http://www.aucd.org/

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