The work of setting up a trust for a family member with special needs may at first seem intimidating, but it is a necessary step in planning for the future care of your loved one. Giving funds or other gifts directly to a child, sibling, or any other family member, may appear to be a better, or at least easier, solution, but it comes with many pitfalls, one of which is the potential loss of Medicare and Social Security benefits. However, assets from a trust can be used to provide for the well being of your loved one without disqualifying them from receiving governmental benefits.
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