Guest Op-Ed: Planning for a special needs child
BY RONALD A. FATOULLAH, ESQ. AND DEBBY ROSENFELD, ESQ.
Creating a special needs trust is a way to provide for the needs of a disabled child without making him or her ineligible for Medicaid, Supplemental Security Income (“SSI”) and other programs that require the recipients to have limited assets.
Transferring (gifting) assets to this type of trust allows a parent, relative or friend to provide for extras that will improve the adult child’s life experience without compromising the governmental services he or she may need on a daily basis.