The government prepares a budget. Businesses and families prepare budgets. A special needs trust should be no different.
Unfortunately, many trustees of special needs trusts (especially family members of trust beneficiaries) have little or no experience handling financial matters for another person. Add to that the fact that special needs trusts are often funded with sums of money that greatly exceed a trustee’s own means and you have a recipe for mismanagement. The smartest solution is to name a professional as a trustee of a special needs trust, either alone or in conjunction with a friend or family member of the person with special needs.