Why Updating Your Beneficiary Forms is Crucial When You Have A Special Needs Trust

A Special Needs Trust is an important tool to utilize if you have a child or grandchild with disabilities whom you wish to leave an inheritance when you pass away.

In order to receive public benefits such as Medicaid and Supplemental Security Income (SSI), your child can only have very limited resources (usually less than $2,000) to maintain eligibility.  That means that any inheritance received by your child could result in their disqualification for the important benefits on which they rely...