Special Needs Planning

While you might provide for them in your Will or Trust, such a bequest can render them ineligible for services that they may be receiving, such as Supplemental Security Income (SSI) and/or Medicaid. Fortunately‚ there are rules in place that allow assets to be passed or given to a disabled individual by holding them in a trust, called a “Special Needs” or “Supplemental Needs” Trust. Establishing such a Trust enables one to earmark assets a disabled beneficiaries needs without running the risk of rendering them ineligible for need-based services.

Our firm can help you set up a Supplemental Needs Trust and navigate through the path of governmental benefits in order to maintain the disabled individuals government benefit eligibility while providing them with assets to fulfill their needs.

Supplemental Needs Trusts are a critical component of an estate planning when there are disabled beneficiaries involved. Request an appointment to learn more.