Parents in Texas who have special needs children have unique concerns when it comes to passing their assets on after their deaths. For instance, a disabled person can have his or her government benefits revoked if he or she experiences increased cash flow or receives assets from a parent's estate. It may seem wrong, but it is how things work. A special needs trust can keep this from happening.
In order to allow one's child the ability to maintain his or her disability benefits, there are several important estate planning steps one can take. Setting up a special needs trust is just one of them, but it may be the most important. By placing assets in this type of trust, they will not be passed directly onto one's child. Instead, a trustee will be assigned to manage one's estate. This person will be able to distribute the assets in a way that will not affect the child's benefit eligibility.