When your loved ones read over your will during the probate process, they will distribute your assets to your intended beneficiaries almost immediately. If you have a special needs adult child, this means that they will receive any money you leave them in one lump sum. That lump sum can hinder their ability to qualify for social security disability benefits.
Special needs trusts and ABLE accounts are ways to set aside assets for your adult child without hindering their ability to receive government benefits.
The Law Offices of Robert Taylor-Manning in Kennewick, WA can help you set up a special needs trust or ABLE account for your child in no time. To ask about our services, call 509-735-5066 today.
Special needs trusts and ABLE accounts both offer similar advantages in Kennewick, WA, but they differ in a few key ways. Consider these points before you choose one over the other: