If you have a special needs child or loved one, and you want to protect them from government or private agency abuse, then you need a special needs trust lawyer.
When people think about special needs trusts, they often think about Medicaid. However, not all special needs trusts are designed to protect against Medicaid. In fact, many times, the goal of a special needs trust is to protect against other family members who might want to take advantage of their money. Also, a special needs trust can allow a disabled individual to retain their Supplemental Security Income benefits and Medicaid benefits after receiving a settlement.
A Special Needs Trust is a trust created to benefit a disabled individual. The funds in the Special Needs Trust are intended to provide for the beneficiary’s needs and to supplement, but not replace, any government benefits that may be available. A disabled person often needs special care and attention. In some cases, he or she may need assistance with daily living activities such as bathing, dressing, and cooking.
What Is a Special Needs Trust?
A Special Needs Trust is a type of trust that provides financial support for an individual with disabilities who qualifies for government benefits such as Supplemental Security Income (SSI) and Medicaid. It allows them to live independently while still receiving necessary government assistance.
The purpose of a Special Needs Trust is to allow someone who qualifies for government benefits to receive those benefits without losing eligibility due to their income from other sources like inheritances or personal savings accounts.
How Special Needs Trusts Work
A Special Needs Trust works by providing non-taxable money from other sources (such as gifts from family members) into the trust account that the beneficiary can use without affecting his or her eligibility for Medicaid benefits or SSI payments. This helps protect assets from creditors exploiting the beneficiary’s limited financial means. It also helps to ensure that the beneficiary’s money is used for their benefit and not spent on things like cigarettes, alcohol, or gambling.
A special needs trust lawyer can help you establish and maintain your special needs trust. This can be important in protecting your loved one’s rights and resources, especially if they have a disability or illness.
Why is a Special Needs Trust Lawyer Needed?
When you have a loved one with special needs, you want to ensure they have the best future. A special needs trust can help your loved one plan for their future and ensure they have the resources they need to live comfortably.
At ADA Law Group, we are compassionate and caring attorneys who understand the importance of helping families like yours. Our law firm has years of experience helping families like yours with special needs trusts. We know what it takes to create a trust that is effective and legally sound, which is why we will work closely with you throughout the process.
We can help you create a trust that meets your family’s specific needs and goals while protecting your loved one’s rights as a vulnerable adult. Contact a special needs trust lawyer at ADA Law Group today to schedule a consultation.