“Special needs” is a term that can apply to various learning disabilities, cognitive, physical or behavioral issues. An individual may be born with a disability or become disabled later in life due to an illness, medical complications, or a debilitating injury or accident. The “special needs” designation is often used to ascertain an individual’s eligibility for special services, programs and government benefits. Some individuals with special needs may qualify for government assistance – such as the Social Security Administration’s Supplemental Security Income (SSI) program or Medicaid health services – while others may not.
Comerica understands the complexity of Special Needs Trust administration and the importance of supporting the care of the beneficiary and their family. The Special Needs Solutions team advocates for the beneficiary and partners with the beneficiary’s trusted advisors, ensuring the best possible care and living conditions for the beneficiary, and adjusting care or housing over time as the beneficiary’s disabilities dictate.
Additionally, as a professional fiduciary, Comerica works with others to avoid jeopardizing a beneficiary’s eligibility for needs-based government assistance such as Medicaid and Supplemental Security Income.
Contact our team of Trust Specialists to learn more about our services or consult with your financial advisor and professionals who specialize in planning for individuals with special needs.
Cameron Lindahl
VP, National Manager, Special Needs Solutions
Comerica Trust
