When Direct Gifts Backfire: Parental Insights

Many parents are surprised by how this actually works.

Giving a direct cash gift to a loved one with special needs might seem like the best way to help. But it can unintentionally cause them to lose government benefits like SSI or Medi-Cal if the gift pushes their assets over the allowed limit.

A family we worked with thought a simple gift would ease things. Instead, it risked disrupting benefits that cover essential care and support.

The safer path is to use a Special Needs Trust or an ABLE account. These tools hold funds securely without affecting eligibility, allowing your loved one to benefit without penalty.

If you're thinking about giving, take a moment to ask, "Is this the right kind of help?" Getting it right means peace of mind for today and protection for tomorrow.

Mike Moonan, CHSNC® — Safe Harbor Special Needs Planning
Call 833-SAFE-HARB for a free consultation.

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