What
is the Life Opportunities Trust?
In 1999,
the State of Washington made it easy for families and individuals with
developmental disabilities to prepare for their future financial
stability. The Legislature passed a bill establishing the Developmental
Disabilities Endowment Trust Fund.
Now called
the Life Opportunities Trust, this public-private partnership creates a
stable resource to enhance the quality of life for citizens with
developmental disabilities.
As a
special needs trust, the Life Opportunities Trust shelters and preserves
assets that would otherwise disqualify someone from government benefits,
such
as Supplemental Security Income and Medicaid. The trust also allows for
families and individuals to save for important services that may not
otherwise be provided by the government, such as work training, assistive
technology, respite care and more.
The Developmental Disabilities Life
Opportunities Trust is an easy and effective way to prepare for the
future…and life’s unexpected expenses!
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