Special Needs Trusts (SNT)

Special Needs Trusts (SNT) allow assets to be left for your child without impact on their government benefits. Funds in this type of account can only be used for “amenities,” that is, things not covered by government benefits. For example, if you would like your child to continue to take a vacation to his favorite destination each year, the trust can fund this. It should be set up by an attorney well-versed in this type of law.

Call the Autism Society of Greater Akron for a referral to a specialist in your area. There are some costs attached to opening an SNT, and a parent must choose someone to act as a trustee to disperse the funds. Unlike the STABLE Account, there is no limit to yearly contributions. You do not need to be wealthy to set up an SNT, and it can remain unfunded until you die when your assets (house, life insurance policy, retirement accounts, etc.) are willed to the Trust.