Most Massachusetts parents use estate planning to provide for their children after they pass away. If you are a couple with a special needs child, providing for him or her may take on a greater significance. Using a special needs trust to achieve that goal has numerous benefits for your child.
Simply passing assets directly to a special needs child after death can cause a loss of government benefits that may be essential to the care of your child. Putting assets into a trust will not add them to your child's estate, but will provide your child with the benefit of them. You can also control how the assets are managed and distributed by the trustee for the benefit of your child without jeopardizing access to government benefits.