Special Needs Trusts & Disability Planning
We can inform you of your estate planning options, including which special needs trust (also known as supplemental needs trust) is best suited for your family. The goal is to assure that your disabled family member retains or can become eligible for public benefits, such as Supplemental Security Income (SSI) and Medical Assistance (Medicaid). As part of any plan, we can determine whether a payback provision is necessary, advise you in selecting a Trustee, and counsel you about what the trust funds be used for. We can draft the trust and instruct you on how to transfer funds into the trust. We obtain any required approvals of the trust by Medicaid and/or SSI.
Ron Landsman has written a chapter on special needs trusts published by the American Bar Association. It provides a useful overview of special needs trusts, why they are needed, their requirements, how they are taxed, and how they are used. Click here to read it.
Can we help you with your Special Needs Trust or with Disability Planning? Contact us to discuss your situation.
Upcoming Special Needs Trust Seminar
In an effort to help you, our firm regularly offers a free seminar on Special Needs Trusts. RSVP below to join accomplished attorney May-Lis Manley for a free discussion about when special needs trusts are appropriate and how to maximize the benefit of their use.
How Else Can We Help?
Our firm is highly specialized in both Elder Law and Disability Law. This means that our accomplished attorneys can assist you in everything from Estate Planning to Medicaid eligibility to Special Needs Trusts.