|
Special Needs Trusts Lawyer
ADVANTAGE
The primary advantage a special needs trust offers over a direct gift or inheritance is that, if arranged properly, the assets in the trust do not actually belong to the beneficiary. In this way, the trust can provide benefits to an individual but not cause the individual who is disabled to be disqualified from government programs.
Contact the nearest Estate Planning Lawyer and obtain a free case evaluation.
A special needs trust holds title to property for the benefit of a child or adult who has a disability. The special needs trust can be used to provide for the needs of a disabled person and to supplement benefits received from various governmental assistance programs.
Special needs trusts typically provide for:
- medical and dental expenses
- eye glasses
- annual independent checkups
- transportation (including vehicle purchase)
- equipment
- training programs
- maintenance
- education
- insurance (including payment of premiums)
- rehabilitation
- essential dietary needs
Special needs trusts also may allow a trustee to give the beneficiary money for:
- various forms of entertainment (e.g., movies)
- electronic equipment
- trips and vacations
- computer equipment
- athletic training and competitions
- companion services/home health aide
- other items to enhance self-esteem
A trust can hold cash, stocks, personal property and real property. It can own and/or be the beneficiary of life insurance. Special needs trusts also can be used to protect personal injury settlements or judgments from jeopardizing government benefit eligibility. Most importantly, special needs trusts can help parents coordinate their estate plans and provide peace of mind that their child will be provided for.
Contact the nearest Estate Planning Lawyer and obtain a free case evaluation.
Content Related to Topic
An Estate Planner can also assist all other possible estate planning law concerns. If you are in need of an estate planning lawyer specializing in wills & estate planning, contact us. Let us help you with your legal concerns.
|
Special Needs Trusts Law Planning 
