Disclaimer: The Kentucky Guardianship Association does not provide legal advice nor does the organization represent parties in court or throughout the guardianship process. This information is provided for informational purposes only. Persons seeking legal advice should contact an attorney.
Disclaimer: The Kentucky Guardianship Association does not provide legal advice nor does the organization represent parties in court or throughout the guardianship process. This information is provided for informational purposes only. Persons seeking legal advice should contact an attorney.
A Special Needs Trust is an important planning tool for financial security for any person in a guardianship arrangement. It is an approved vehicle for securing the funds of an adult with guardianship in such a way that it does not jeopardize access to valuable government benefits such as Medicaid and Supplemental Security Income. It allows someone to participate in these government programs without exhausting their personal funds. For families caring for someone with special needs, a special needs trust provides peace of mind that the individual will be able to continue qualifying for these important programs. Without the ability to qualify for Medicaid, many people deplete their funds and the savings of their loved ones.
There are three types of special needs trusts: the first-party trust, the third-party trust, and the pooled trust.
The Kentucky Guardianship Association (KGA) is a non-profit membership organization committed to improving adult guardianship in Kentucky. Visit our website at
www.kyguardianship.org and watch our video with its easy-to-understand overview of Kentucky guardian law. Protecting the quality of life of your loved one involves many factors, and KGA is a great resource for information on Special Needs Trusts.
Contact us to learn more about the process.