TRUSTS FOR ADULTS OF ALL AGES WITH DISABILITIES: 

Trusts For All Special Needs

If you plan on leaving money or property to a child or loved one with special needs, you must do it the right way. Otherwise, your loved one could lose their eligibility to receive government benefits, including Medicaid and Supplemental Security Income (SSI).

You can preserve your loved one’s ability to receive government benefits by setting up a special needs trust. We will help you determine the type of trust appropriate to your financial needs and goals.

Special Needs Trusts

Special or supplemental needs trusts maximize the resources available to a person with special needs while preserving their public benefits eligibility. Essentially, trusts enhance your loved one's quality of life.

Besides what government benefits cover, including food, shelter, and medical care, trusts cover all the other things that might make life better for your loved one. Consequently, special needs trusts work for many people, including people with temporary or permanent special needs and people who may someday have a disability. 

The law also allows for the establishment of sub-accounts in a pooled special needs trust. We help in drafting trusts that meet your specific needs, including settlement trusts.

Settlements Trusts

Mostly, a settlement trust addresses the needs of personal injury victims. It is designed to take care of any significant changes in your future financial matters, including wealth management and tax compliance.  Our skilled special needs planning attorneys help draft a settlement trust that covers your specific financial needs and goals as a personal injury victim.

Pooled Trusts

If your circumstances do not allow you to set up a separate special needs trust, you could consider setting up a pooled trust. We will help you determine whether or not you should join a pooled trust. If it is the right option for you, we will prepare the required documentation and assist you in obtaining court approval, if required.

 

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