Future Living’s Managed Trust Fund service meets the necessary gifting conditions and is set up to specifically address the needs of an adult child with a developmental disability for their lifetime.
Parents and immediate family members can also establish a Special Disability Trust of up to $500,000 (indexed annually), without triggering the “gifting” provisions of the Social Security legislation. These Trusts, however, can be quite restrictive and Future Living recommends that you seek advice before going ahead. Because everyone’s financial situation is different Future Living Trust recommends that parents contact Centrelink to assess any potential implication on their son or daughter’s disability support pension from interest earned on Managed Trust Funds.