Overview
A Special Needs Trust helps parents plan ahead for funds, care instructions, guardians, caretakers, and long-term support for a child with special needs.
Why planning matters
Parents of a special needs child often carry concerns that should be addressed while they are still able to make the decisions personally.
No one knows the child better than the parent. A tailored trust lets the parent plan protection in advance.
Benefits
- Quick distribution because trust assets do not form part of the estate
- Less stress for the child’s guardian
- Customised instructions for guardian, caretaker, daycare, or services
- Parents can also be beneficiaries in case of disability
- Instructions can be changed during lifetime
- Funds can be used for maintenance, medical, and education needs
Next step
The right structure depends on family relationships, assets, liabilities, nominees, beneficiaries, and business interests. A consultation helps confirm which document or trust arrangement is suitable.