Parents want to ensure that their children are cared for when they are no longer around to make such assurances themselves. For many parents, one of their goals in life is to leave an inheritance for their children that will protect their offspring financially. However, there are some situations that may prompt Texas parents to create special stipulations through a trust, rather than handing over an inheritance outright.
There are a variety of situations in which parents can use trusts to protect their children. For example, many people with disabilities such as autism or Down syndrome receive government benefits. Often, an inheritance can jeopardize a disabled person's qualifications for such benefits, prompting many parents to establish a special needs trust that can ensure that the child receives the care he or she needs throughout life without impacting government benefits.