Special Needs Trusts
If you have a child with special needs who currently receives
government benefits (such as Medicaid or SSI), or may be
eligible for such benefits in the future, then it is
absolutely essential to incorporate a “special needs trust”
into your estate plan.
Maximize Your Child's Quality of Life
Special Needs Trusts create an opportunity for you to
establish a source of funds for your child that can
supplement, but not replace, your child’s government benefits.
As a result, the government benefit programs would pay for
your child’s basic, essential needs while a special needs
trust can pay for the “extra’s” that are not covered by
government benefits. This type of planning helps to ensure
that your child’s quality of life will be maximized in case
you were no longer there to provide for them.
Experienced Trust Preparation
Although special needs trusts are tremendously helpful in
providing for your disabled beneficiary, they can be
devastating if they are not drafted or administered in
accordance with the law. These trusts are much more
complicated than the common general support trusts for minor
children and the language contained in such trusts must
withstand the government’s close scrutiny.
I have been drafting special needs trusts for many years
and I am eager to work directly with your financial advisor to
ensure that nothing falls through the cracks during the
planning process. Trust the preparation of this vitally
important document to an experienced estate planning
specialist who has an in-depth understanding of government
benefit programs.
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