Special Disability Trusts
A Special Disability Trust is established by parents and immediate family members to plan for the future care and accommodation needs of a person with a severe disability.
The benefits of a Special Disability Trust are:
- a gifting concession of up to $500 000 combined is available for eligible family members of the principal beneficiary
- an Assets Test assessment exemption of up to $563 250 (indexed each year) is available to the principal beneficiary
To be eligible to be a principal beneficiary, the disabled person must meet the definition of severe disability.
It is recommended that you consult a financial advisor or solicitor for advice before establishing a Special Disability Trust.
Next Steps
- Read more about Special Disability Trusts