Answer

Estate planning · Trust

Trust for a differently-abled beneficiary

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  1. Facts

    If you have a family member with disability, a Special Needs Trust ensures their care after your death. You can deposit money into a trust specifically for their benefit, and claim Sec 127, Income-tax Act 2025 (old Sec 80DD) deduction of ₹75,000 (severe disability: ₹1,25,000) on insurance premiums or contributions to an approved scheme for their maintenance.

  2. Provisions and law

    • IT Act, Sec 127 (old 80DD) | Persons with Disabilities Act 2016

  3. Analysis

    The National Trust for Welfare of Persons with Autism/CP/MR/MD also provides guardianship and financial planning support.

  4. Conclusion

    Talk to a Savvy for the exact next step on your case.

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