Special needs planning should not be taken lightly. As a caretaker, it is important to understand the physical or mental disabilities of a special needs individual. Proper estate planning is crucial because an individual with special needs who receives government benefits (such as Supplemental Security Income (SSI) or Medicaid) could be disqualified from receiving those benefits if you do not implement proper planning techniques, such as a special needs trust.
As you know, benefits under the aforementioned government programs are limited. Fortunately, the government has special exceptions for “special needs” or “supplemental needs” trusts that do not result in disqualification from SSI or Medicaid, as long as certain requirements are met.
Our law firm has experience with special needs planning that helps individuals with special needs maintain government benefits while supplementing those benefits with other resources, in addition to the basic support provided by government programs. A special needs trust must be designed specifically to supplement, not replace, government benefits.
A special needs trust can provide additional benefits to supplement those already being received from the government, including:
A special needs plan will ensure peace of mind, knowing that the individual you are protecting has both necessary and supplemental benefits to maintain or enhance their lifestyle. Let an experienced estate planning attorney help you provide for and protect your loved ones.
