Physically or mentally disabled individuals face unique challenges throughout their lives. Worrying about money and resources shouldn't be one of them, which is why a special needs trust is crucial to the welfare of a disabled loved one.

A special needs trust is a legal arrangement wherein assets or properties are managed by a trustee for the benefit of the beneficiary. This ensures money and financial matters are handled by a capable individual, and the burden of such responsibilities are lifted from the shoulders of a disabled beneficiary. A trust of this type can be used for as long as necessary, typically until the beneficiary's death or the money in the trust has been depleted.

The most obvious benefit of a special needs trust is that it provides a disabled person with someone to count on to manage their finances. Trusts also allow a person to bequeath money to a disabled individual without jeopardizing their disability income or other government benefits. Instead, the money is passed directly into the trust and has no impact on the beneficiary's income levels.

Also, the money in the trust should not be directly accessible to the beneficiary, as this too can jeopardize government benefits. To prevent this, the trustee must buy the goods or services the beneficiary needs with the funds in the trust. Not having to worry about handling and keeping track of money is another benefit for disabled individuals.

Special needs trusts require careful preparation and wording. An estate planning lawyer will help you design the ideal documents to establish your trust. Attorney Robert B. Liotta of the Law Offices of Robert B. Liotta, Esq. in New Kensington, Pennsylvania, has been serving the Westmoreland, Allegheny, Armstrong, Butler, and Indiana counties since 2000. Call (724) 334-9870, visit his firm's website, or reach out to them via Facebook to schedule an appointment today.