Yes. Combining a structured settlement with a Special Needs Trust can provide two levels of protection. The structured settlement may lower your tax payment and offers guaranteed future income. At the same time, a Special Needs Trust can be set up so that part of the structured settlement payments are deposited in the trust, allowing you to pay for items that public assistance programs do not otherwise cover. If set up properly, a Special Needs Trust can also help preserve benefits for some needs-based public assistance programs.