Special Needs Trusts are trusts established for individuals with disabilities.
These trusts are designed to hold funds that a person with a disability may receive from a settlement, inheritance, or other source, while allowing those funds to be used to improve the person’s quality of life without jeopardizing eligibility for needs-based public benefits such as Medicaid or SSI.
Funds in a special needs trust can be used for extras like clothing, travel, telephone services, cable, and other goods and services not provided by Medicaid or other government programs.
The rules governing eligibility under Medicaid and Social Security are complicated and a trust must be carefully drafted, with the needs of the beneficiary in mind, to ensure continued eligibility for benefit programs.
Individuals with a child with Special Needs can utilize a Special Needs Trust to provide for a disabled child. If the trust is done properly, the transfer will have no effect on government benefit eligibility for the receiving child.
At The Perla Law Firm, LLC, we understand the importance of protecting the financial future and quality of life of individuals with disabilities.
Our attorneys work closely with families to develop carefully crafted Special Needs Trusts that help preserve eligibility for essential government benefits such as Medicaid and SSI while providing additional resources to enhance everyday living.
Whether you are planning for a child with special needs, protecting assets from a settlement or inheritance, or exploring options such as First-Party, Third-Party, or Pooled Special Needs Trusts, our experienced team will guide you through every step of the process with compassion and personalized legal counsel.
Contact The Perla Law Firm today to schedule a consultation and learn how a thoughtfully designed Special Needs Trust can help secure the future of your loved one while preserving access to the benefits they depend on.
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