Understanding Special Needs Trust

Planning for a child with special needs involves more than just basic financial preparation—it requires foresight, care, and the right legal tools. One such tool is a Special Needs Trust (SNT), designed specifically to protect the long-term financial security of individuals with disabilities, without jeopardizing their eligibility for government assistance.

What is a Special Needs Trust?

A Special Needs Trust is a legal arrangement that allows a person with a disability to receive income or assets without affecting their access to essential government benefits such as Singapore’s disability support schemes or programs managed by the Special Needs Trust Company (SNTC).

Why is it Important?

• Preserves Government Benefits: Assets held in a Special Needs Trust are not counted when determining eligibility for means-tested benefits.
• Provides Long-Term Support: Ensures that your child will have access to funds for medical care, education, housing, and quality of life enhancements throughout their lifetime.
• Appointed Trustee: Knowing that your child will be financially secure, even in your absence, is invaluable.

How Eugene Can Help

Eugene Yeo collaborates with legal professionals and organizations like the SNTC to guide parents through the process of setting up and managing a Special Needs Trust. He ensures the plan is tailored to your child’s unique needs, offering peace of mind that your child will be cared for, even if you are no longer able to do so yourself. A Special Needs Trust is not just a legal structure—it’s a promise of continued care, stability, and dignity for your loved one.