Special Needs Trusts
Responsible care. Locally administered. Peace of mind.
Many people face the challenge of supporting a child or relative with a disability. One of the greatest areas of concern is how to fund the disabled individual’s lifetime needs after the parents or guardians are deceased, as a direct inheritance may cause problems with obtaining critical benefits.
A special needs trust connects you with the resources you need to feel independent. Primarily, trusts allow the beneficiary to keep or qualify for government benefits such as Medicaid or Supplemental Security Income (SSI), and still have access to the trust assets. The trust beneficiary receives funds through the trustee who distributes them according to the trust document. A special needs trust helps people with disabilities beyond what government assistance can provide—it supplements and enriches quality of life.
A special needs trust can also play an important role in estate planning. If you have a loved one with a disability, you can fund the trust upon your death with either personal assets or insurance benefits. Your assets can then be transferred to the beneficiary without risking the loss of their government benefits.
Southeastern Trust Company is here on your behalf. We connect you with the resources you need for independence while not leaving you on your own. We promise our time and availability through all administrative operations that position you for a vibrant future. To help you in learning whether a special needs trust would be right for you, consider these three factors.
Whether a family member creates a trust or it is court-ordered, Southeastern Trust Company can help you manage the challenge of supporting a loved one.
- Individual Self-Settled Trust (d4a Trust)
- Third Party Trust
Who will care for my relative when I’m gone?
This is a familiar question for the caregivers of Americans with a disability, representing approximately 20% of the population. Providing continued care for physical or psychological disabilities can be complex and requires significant financing. Alongside daily challenges, funding lifetime needs is a major concern among the special needs community while also maintaining access to critical government benefits.
We understand that every person has a story and unique needs. Even more, we understand the personal importance of securing a trust for you or your loved one that lasts a lifetime. By choosing Southeastern Trust, you are not choosing a typical trustee.