Do you have family members with a disability? Epilawg provides a helpful explanation of the unique purpose and advantages of special needs trusts:
A Special Needs Trust is a tool in which a person with a disability is able to retain their assets by placing them into a trust to use the assets to supplement the government benefits the disabled person will receive during their lifetime. At the disabled individual’s death, any assets remaining in the trust must be repaid to the state for those government benefits paid on behalf of the disabled person during their lifetime.
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