As a father of a special needs daughter, and a financial advisor, in my opinion, the best thing you could do is to fund a trust and set up a Special Needs Trust. And you’re going to say, “Why Bill?” And I’m going to say because when you’re on state-funded disability or Social Security income, you receive benefits and money that goes exclusively for shelter and food. But as you know, many other services are available that the state does not provide. And when you have a Special Needs Trust, money could go into that trust and your child gets the services they need and deserve without losing the healthcare and benefits they receive from the state. That’s why it’s so important.
It’s really important to have a trust as a parent of a special needs child. The trust can be used to fund expenses while you