If someone you love has a disability, you may worry about what will happen when you are no longer with them.
Special needs planning is for someone with a disability, be it physical, mental, emotional, or behavioral.
When someone with a disability receives SSI or medicare, there is a limit on their savings and income. If they get an inheritance or any large lump sum of money, this can put their benefits in jeopardy. Using a special needs trust as part of an overall estate plan ensures this does not happen.
A special needs trust is a particular type of trust that holds funds for the benefit of your loved one with a disability and manages the money on their behalf. Since they won’t have direct control over the funds, they remain eligible to receive medicare and SSI benefits.
Don’t jeopardize your loved one’s benefits. The Siegel Law Group is dedicated to providing personalized and compassionate legal services. Call us today.
The funds in a special needs trust are discretionary, and while the beneficiary does not have control over how they are used, the trustee can use the money for the beneficiaries benefit on a variety of expenses.
Common goods and services paid for by a special needs trust includes things like education and books, vacations or travel, clothing, household furnishings, and personal care items.
The trust can pay for all of these items and more, while still allowing the beneficiary to receive SSI and medicare to pay for medical care and housing.
We can help protect your loved one’s benefits by using legal tools such as:
Special needs trusts are sometimes called supplemental needs trusts because they are designed for disabled individuals to get supplemental funds while keeping benefits like SSI and medicaid.
These trusts can be customized to fit your loved one’s personal and specific needs and can pay for everything from education to service animals.
Special needs trusts are complex, and it is best to consult a legal expert to ensure the documents will work properly and meet the beneficiary’s needs.
Our legal team can meet with your family and craft a trust for your specific situation. Our focus and passion are ensuring you can provide the best care for your loved one for years to come.
Who will provide care to your loved one if something happens to you? A common and understandable fear for many caregivers is what will happen when they can no longer provide care.
A special needs attorney can bring peace of mind by creating a plan tailored to your family. Giving you the security and assurance that your loved one will be in capable hands and have funds available to meet their needs, whatever they may be.
Don’t jeopardize your loved one’s benefits. Call or chat with us today. The Siegel Law Group is dedicated to providing personalized and compassionate legal services.
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