Should We Set Up a Trust for Our Son Who Has Special Needs?


14 Mar Should We Set Up a Trust for Our Son Who Has Special Needs?

Special needs does not mean only developmentally disabled. It could be a child who just does not do well with money or who spends every dollar that they get.

Setting up a trust so that it can measure out the income over that child’s life allows those assets, which you have worked very hard for, to help benefit that child, who you love.

It also allows them to have kind of like what you might call a pension in their later years. It’s something that allows them to live but does not allow them to overspend.

Having a special needs trust is vital, especially with those children who are either developmentally disabled or just not that good with money.

Parkshore Wealth Management is a family-owned, independent, fee-only Registered Investment Advisor serving the greater Sacramento area with an office in Roseville, CA. We partner with financially responsible individuals and families who are eager to take positive steps that will allow them to use their money to build the life they desire. The firm is led by Harold Anderson, CFP®, and Daniel Andersen, CFP®, both members of NAPFA, the country’s leading professional association of fee-only financial advisors.

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