Special Needs Trusts
Special Needs Trusts are used to preserve or establish eligibility
for certain governmental benefits, such as Medicaid and SSI, which
are provided to disabled individuals who fall within very strict
income and asset qualifications.
For example, if parents of a disabled child left assets outright to
a child upon their deaths, the child would not be eligible for
Medicaid and SSI until the inheritance was almost completely
dissipated. If, instead, the parents left the assets in a special
needs trusts, the child would maintain eligibility and the funds
could be used to supplement the basic living expenses and medical
care provided by the governmental benefits.
At TrustCounsel, we are experienced in drafting and
administering Special Needs Trusts, both self-settled (those
established by the benefits recipient himself) and third-party
(generally established by a parent.)
Please contact us today or call us at
800-201-0413
Email:
info@trustcounselpa.com |
