Special Benefit Disabled Child With Special Needs

• Category: Trusts - Irrevocable
• State: Multi-State
• Control #: US-0657BG
• Format: Word; Rich Text

Description

The Special Needs Irrevocable Trust Agreement for Benefit of Disabled Child of Trustor is designed to create a legally effective trust protecting the financial resources of a disabled child with special needs while ensuring continued eligibility for government benefits. This trust is irrevocable, meaning it cannot be modified or canceled without court approval, ensuring that the assets remain dedicated to the needs of the beneficiary. Key features include specific guidelines for asset distribution that do not impair or diminish eligibility for governmental assistance, making this trust particularly beneficial for families with children who depend on such support. Filling out this form involves clearly identifying the Settlor, Trustee, and Beneficiary, along with detailing the trust's specific purpose and the assets involved. Users should also consider current government resource thresholds to maintain eligibility for Medicaid and similar programs. This document is crucial for attorneys, partners, and paralegals assisting clients in estate planning, as it provides a clear legal framework for managing assets intended for individuals with disabilities. Legal assistants and associates can also utilize this form to ensure compliance with state laws, facilitating efficient trust administration and protecting the beneficiary's rights.