What steps should I take for my child with unique requirements?

The primary concern with regard to an individual with special needs is to ensure that their access to government benefits, typically supplemental security income and Medicaid, is not jeopardized due to accumulated assets. These benefits are means-tested and subject to asset limitations.
When it comes to your child with special needs, it is essential to establish a trust specifically designed for this purpose. This special needs trust is necessary to manage any funds the child may receive, whether it be through inheritance stated in your will or monetary gifts given by grandparents or others during their lifetime. By placing the funds into a special needs trust, these funds can be utilized for the benefit of your child without jeopardizing their access to government benefits or their eligibility for future benefits.
Moreover, Congress has recently introduced what is known as an able account, which is an additional planning strategy that can be employed to provide your child with special needs a means to have additional funds for their specific requirements without endangering their access to government benefits.