As part of our estate planning practice, we advise the parents of minor and adult children with disabilities in Texas about how to provide for their kids financially after the parents pass away. One of the most important vehicles to consider to meet this need is the special needs trust.
Preserve government benefits
A basic principle for many families that have kids with disabilities is that in most cases it is important not to leave or gift money or assets directly to the disabled children. Most people with disabilities, unless they are part of wealthy families that choose to support them, will need public benefits to help pay for medical and long-term care.