If you’re a parent raising a special-needs child in Illinois, you’re probably concerned about who will care for your child when you’re gone. Let’s say you have a child with a cognitive disability, and your child will never be able to live independently on his or her own. Knowing that only you can offer the highest level of love, attention and care, it can be frightening to consider what will happen to your adult child with special needs if you become incapacitated.
This is where a special-needs trust can help. A special-needs trust – also referred to as a supplemental-needs trust – is one of the most powerful estate planning tools that parents can use to protect a child who will require financial support and care for the rest of his or her life.