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Special Disability Trusts:Future planning for sons and daughters with a severe disabilityThis type of trust is established for succession planning by immediate family members for the future care and accommodation needs of a person with a severe disability. The Government has introduced this initiative to assist immediate family members of people with severe disabilities to make a private financial provision, through a Special Disability Trust, for the future care and accommodation needs of that person with a severe disability. This initiative allows immediate family members, of Age Pension age, to give to a complying Special Disability Trust (SDT) and receive up to the value of $500 000 (combined) exempt from the deprivation provisions. These include age pension age customers from Centrelink and the Department of Veteran’s Affairs. How can I find out more about Special Disability Trusts?
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