What Have You Heard About the Special Needs Trust Fund in DuPage County?

Has anyone told you about the special needs trust fund in Dupage County? If you’re putting money away to give to your children, it could be an effective tool. Since it has guidelines to control fund distribution, a special needs child can’t waste it all. That way, there’s nothing to worry about if they’re living on their own. They’ll always have enough money from it to support themselves.

Special Needs Trust Fund DuPage County

Drafting a trust agreement to meet the requirements of Social Security has a ton of benefits. Even after they start getting payouts, they’ll still qualify for SSI payments. So, they’ll have all the money they would’ve received from it had they not been given a trust.

If someone has to care for the trustee, you can arrange for it in their trust. So, if they need help with day-to-day living, they’ll have it. Plus, you can use a pooled trust or OBRA to protect assets.

They’ve also allowed charitable grants to be made, so people receive tax deductions. Creating a pooled trust for someone ensures they’ll receive benefits for a lifetime. Anyone who wants to contribute can put something in and add it to the account, too. Overall, it has a much better impact on the person’s long-term quality of life than other options.

Life’s Plan, Inc. manages trusts for people in the US. Visit them at their website to learn more.

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