Legal Question in Wills and Trusts in Georgia
Investing and Trusts for Special Needs Child
I have a special needs daughter that is about to turn 18 and she will be receiving SSI.I would like to know how I can invest or create a trust for her that will not affect the amount of SSI that she receives.My understanding is that any trusts or savings may affect her monthly SSI income.
Asked on 3/05/00, 11:03 am
1 Answer from Attorneys
John Etheriedge
Etheriedge & Associates, PC
Re: Investing and Trusts for Special Needs Child
Not sure if you have already received a response. There are trust options that will permit you to set $$ aside for your daughter an preserve her SSI qualification. The exact terms of the trust will depend on a number of factors, including the origin of the assets that will be used to fund the trust.
Let me know if I can be of assistance.
Answered on 3/31/00, 11:21 am