What Expenses Can a Special Needs Trust Pay For?

[@scrappyjack1]

How much does a Special Needs Trust cost? A cost range would be ok. Thanks.

[@AmicusPlanners]

Costs vary greatly by state and by the type of special needs trust (first-party vs. third-party special needs trust). However, typically, special needs trusts can be set up for between $2,000-$4,000. Some pooled special needs trust providers may offer lower set up fees but would have higher ongoing fees (in general).

[@briannamccorkle9750]

Do the rules change for minors who are the beneficiary?

[@AmicusPlanners]

We're not aware of any significant differences in what a special needs trust can pay for if the beneficiary is an adult vs. a minor. However, there may be some state laws/programs that have their own limitations. *In general, a special needs trust can pay for a wide variety of items like:* - Medical and dental expenses not covered elsewhere - Equipment like wheelchairs or specially equipped vans - A car - Therapy or rehabilitation services - Training and education - Vacation - Help with starting a business - Home furnishings - Travel, which can include the cost of a companion - Transportation services (Uber, Lyft, bus pass, etc.) - Recreation and entertainment (summer camp, movies, social events, sports equipment) - Electronic equipment, appliances, and computers - Payments for a companion - Legal or guardianship expenses - Insurance - Burial expenses *A special needs trust should NOT pay for:* - Groceries - Rent or mortgage payments - Cash - Gift cards - Condo association fees - Property taxes - Utilities, such as electricity We hope this helps!