Some trusts may have provisions for distribution only at the discretion of the trustee or trustees. This can protect assets which would stop state aid to a disabled child or be recovered by the state if given directly to such a beneficiary. Trusts, such as special needs trusts, are designed to accomplish a specific goal or address a particular family situation. In general, special needs trusts seek to maintain eligibility for means tested government assistance programs such as Medicaid and Supplemental Security Income (SSI) while providing supplemental services not provided by Medicaid and SSI. Supplemental services can dramatically improve the quality of life for your special needs child.
Here is a partial list of the supplemental services available to your child with a properly designed, implemented and funded special needs trust:
If you are raising a child with special needs, contact us today to discuss your particular situation. We can help ensure that your child receives the best possible care for the rest of his or her life. And help you experience greater peace of mind in the process.
Together we can look at your child’s needs, your family’s financial situation, what benefits are available, and what legal strategies will help today — and tomorrow.