Special Disability Trusts – Providing for a Disabled Child

Raising and caring for children is challenging at the best of times. For parents with a disabled child there is the added concern to ensure the child is cared for after the death of both parents. How can parents provide financial security for a disabled child after the death of both parents?

A well drawn Will can incorporate a Special Disability Trust to take effect on the death of the surviving parent. Special Disability Trusts were created by the Federal Government in 2006 to allow parents and other family members to provide assets for a disabled person with a severe disability, without affecting the disabled person's entitlement to the disability support pension.

How does a Special Disability Trust work?