Core Viewpoint - Special needs trusts are not limited to disabled individuals but can also benefit single, childless, and families with special needs children, providing a comprehensive solution for elder care, life support, guardianship, and inheritance issues [1][2] Group 1: Definition and Purpose - Special needs trusts are defined as a type of trust where a trust company manages assets for specific beneficiaries to meet their living needs [2] - The primary goal is to create a customized "life security plan" for individuals or families with special needs, ensuring a stable and dedicated financial resource [5] Group 2: Market Trends and Innovations - Several trust companies have recently launched special needs trusts, focusing on long-term care and life security for special needs individuals [3] - Innovations include combining special needs trusts with real estate and charitable trusts to provide tax benefits and address specific family needs [3][20] Group 3: Unique Features and Advantages - Special needs trusts offer a unique management system for assets, ensuring that funds are used appropriately and protecting beneficiaries from potential misuse [6] - The structure includes roles such as "directive authority" and "supervisor" to enhance risk management and ensure compliance with the grantor's wishes [8][9] Group 4: Challenges and Limitations - The implementation of special needs trusts faces challenges such as legal framework limitations, tax issues, and the need for professional service providers [12][15] - Trust companies must address client trust issues and the complexity of finding suitable guardians or directive authorities [13][15] Group 5: Accessibility and Affordability - The entry threshold for establishing a special needs trust is significantly lower than traditional trusts, with a minimum requirement of 300,000 yuan compared to 1 million yuan for family trusts [18] - Trust companies are exploring innovative models to cater to families with limited resources, including potential tax subsidies for real estate trusts [20][21]