A special needs trust provides for children, grandchildren, spouse or other loved ones of the grantor with special physical, mental or emotional needs. This type of trust sets aside assets for the benefit of an individual with special needs. It also requires the trustee to manage the assets of the trust according to the terms and conditions of the trust arrangement.

Characteristics include:

• Cannot be changed or revoked by the grantor or another interested party in the future.

• Created for individuals with very specific needs and circumstances.

• Provide for special needs individuals during their lifetime, rather than minimize or defer estate tax for grantors.

• Protect the assets designated for the special needs of the beneficiary.

• The Trustee makes scheduled and discretionary distributions and pays the bills of the beneficiary consistent with the governing document.