Special Needs Trusts

When you set up a special needs trust for a loved one through Alabama Family Trust (with Alabama Family Trust serving as trustee), you’ll need to name one or more co-trustees. You may choose to fill this role yourself, but who will take over once you’re gone? This is a critical question, because if you’re…
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A special needs trust is a specific type of trust fund for people with physical or mental disabilities, created with the unique needs and lifestyle of that person in mind. These trusts are made to ensure that the beneficiary does not lose any government benefits (like Medicaid or SSI) to which they are entitled. In…
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Special needs trusts are important for your disabled loved one. They provide a source of funding for the beneficiary without endangering their eligibility for government benefits like Medicaid and SSI, allowing for supplemental financial support. But who, exactly, is allowed to set up a special needs trust? Can just anyone do it? The answer to…
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At Alabama Family Trust, we understand how parents of special needs children have their hands full with the challenges of raising, caring for, and protecting their kids. They invest in their education, their health, and their future (that last one is typically accomplished through a special needs trust, of course). Although they love and cherish…
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You may know that you need to set up a special needs trust for your disabled child, but once you start doing your research, you’ll find that there isn’t just one type of special needs trust. What about court-ordered trusts? What are they, and how are they useful? What Is a Court-Ordered Trust? In contrast…
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Jamie Bradford and her husband, Les, were thrilled to discover they were expecting their second child. Their firstborn, a cheerful, fun-loving boy, had already brought them so much joy — and now he would have a sibling! Whether it was a boy or a girl, Jamie and Les didn’t really care. Like most parents, they…
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When planning your estate involves considering a combination of healthy and disabled children, it can be tempting to avoid the complication of establishing a special needs trust for your disabled child. You may think it will be easier to simply leave all your assets to your healthy children, trusting them to use the funds as…
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If you’re the parent of a special needs child, you probably know how important it is to set up a special needs trust for his or her future care. And you probably also know that there are two different kinds of special needs trusts: first-party and third-party. While third-party trusts are generally recommended, there are…
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A family with one special needs child faces many challenges every day. But some families have more than one special needs child, which can make their daily lives exceedingly complicated — especially when it comes to finances. Government benefits like Medicaid and Supplemental Security Income (SSI) are essential for these families, and although the parents…
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