Entrepreneurs with variable income can fund a special needs trust with a flexible contribution plan: put in more during strong months and the bare minimum during slower ones, without penalty. This keeps the trust funded without straining an unpredictable income.
Recently, I was on an H7 networking Zoom call. I was introduced to a mom who has an adult child with autism. What was unique about the circumstances is that she’s just getting started launching her business and didn’t know what to do as far as protection for her son. And the plan is pretty simple. We got her organized and created a flexible funding plan. So, if she earns more than average one month we can put more in, but if she earns less, we put the bare minimum in, and she’s not penalized.
