Millennial Money: Trusts can aid those with mental illness

By ELIZABETH AYOOLA of NerdWallet

Millions of Americans struggle with mental illnesses. While some can function on their own, others rely on family members, guardians or loved ones for daily living. Caretakers for individuals with a mental illness may be curious about how to provide them with financial stability. One way to do so is by setting up a trust. An important question to ask is how a trust will affect their loved one’s eligibility for government benefits. Other factors to explore include the best trustees to appoint and whether their estate plan is clear and easy to follow.