Kiplinger

How a Special Needs Trust for Your Child Can Fall Apart

Parents of disabled children must juggle a lot of responsibilities: work, bills and of course caregiving. But one ball they can't afford to drop is special needs planning. One wrong move in this complicated ballet balancing benefits and services with asset rules could be disastrous.

While every family's situation is unique, the laws regulating special needs trusts are complex and can require some strategizing by families and trust companies -- and if necessary, utilization of available government and nonprofit support programs.

Some Background on Trusts and Benefits Tests

One such law is the Omnibus Reconciliation Act of 1993, which established rules that trusts -- revocable and irrevocable, established by an individual or by

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