Does your child receive benefits from the State?
If your child receive benefits from the Commonwealth of Massachusetts, your estate planning may or may not be affected.
If the benefits are based on the income or assets owned by your child, you may want to leave him or her assets in a way that will likely not cause them to lose those benefits. Or suffer a reduction in the benefits, due to an increase of income or assets on your death.
You can choose to leave assets to them in the form of a special needs trust. This may be called a supplemental needs trust as well.
A supplemental needs trust directs the trustee to distribute assets to the child (called the beneficiary) to supplement or add to what the state gives them. It is a specialized form of trust.
It can be an important estate planning approach in the right circumstances.