How to Use a Special Needs Trust to Protect an Inheritance for a Loved One Battling Bipolar Disorder

We are often asked by parents if it is possible to protect an inheritance for an adult child who battles Bipolar Disorder.  Unfortunately, one of the hallmarks of the disorder is excessive financial spending while in the mania phase of the disease.  Parents often worry that if they leave an inheritance outright to their adult child that it will be lost or squandered quickly and that mom or dad will no longer be around to help deal with the fallout of such spending.

Fortunately, there are lega...