Are you a parent of a special needs child? Is your spouse disabled?
Then you face a unique challenge: How do you make sure they’re cared for after you are gone?
We can help you construct a plan to protect your disabled loved one’s eligibility for government benefits programs.
As a mother of a child with Special Needs, Attorney Heidi Friedman of Friedman Elder Law Department knows the emotional and financial struggles many families face.
Your loved one with Special Needs may be eligible for government benefits such as Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), Medicaid, and Medicare.
These programs can assist them with the costs of housing, food and health insurance. However, many of these programs have low asset and income thresholds.
Receiving an inheritance, lawsuit settlement, or other funds may disqualify your loved one from their benefits.
Legal tools like a Special Needs Trust helps to transfer assets and allows them to be distributed in a manner that doesn’t risk a loss of benefits.
Our experienced Special Needs Planning attorneys can help you decide if a Special Needs Trust may work for your disabled loved one.
Special Needs Trusts are used to enhance the disabled person’s life while still allowing them to receive their public benefits such as Medicaid, Medicaid, SSI, or SSDI.
There are two main types of Special Needs Trusts:
Here are some of the benefits of using a Special Needs Trust:
Even if a trust is properly established and funded, the special needs individual’s public benefits could be reduced or eliminated if the trust funds are used improperly.
Special Needs Trusts offer many benefits to families looking at a long-term picture.
With a plan in place, you can ensure your disabled loved one is cared for, protected, and looked after no matter what.
Our experienced Special Needs Planning attorney team takes the time to understand your present situation, your vision for tomorrow, and help you create a peace-of-mind solution that delivers for the long haul.
Preparing you and your loved ones for the future is our specialty.