Special Needs Trusts

Daily, Montfort & Toups is a Tax and Estate Planning Law Firm in Florida, offering special needs trusts (or supplemental needs trusts) services to protect assets for disabled beneficiaries in the St. Petersburg, Venice, Osprey, Sarasota, Clearwater, St. Augustine, and surrounding communities. A special needs trust, also known as a supplemental needs trust, are commonly used tools to protect assets for disabled children or beneficiaries. A well drafted special needs trust by a special needs trust attorney can help disabled children or beneficiaries retain public benefits since the assets that are held in the special needs trust are not counted against the disabled individual who is receiving government benefits. Special needs trusts are normally used for disabled children who are receiving needs based government benefits, such as Medicaid and Supplemental Security Insurance (SSI). The assets held within a special needs trust can be used to pay for certain supplemental needs the disabled child or beneficiary might need that the government benefits do not pay for.