“There are many painful, emotional issues surrounding crises like mental illness and addiction that affect children. But there are concrete financial steps parents can take that won’t worsen their child’s condition, enable their child’s addiction or, in the case of mental illness, run afoul of limitations on the number of assets a person can have and still qualify for government benefits. One starting point is a special-purpose trust, which can provide care for the suffering child and peace of mind for the parent.”
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