1 Way To Fund a Special Needs Trust

There are many ways to fund a special needs trust. One way is buying life insurance to help fund the special needs trust. If both parents are currently living, the cost of a "second-to-die" insurance -- payable only when the second of the two parents passes away -- can be surprisingly good alternative. Because of inflation and the rapid rise of our cost of living, what may seem to be a substantial sum in trust already, can be quickly exhausted after several years of paying for care that the parent had previously provided for that individual.

What’s the general consensus when funding a special needs trust? The more resources you make available through the trust, the better the support that individual will receive after the parents have passed away.