Special needs trusts allow assets to be held in trust for the care of someone who is disabled or suffering from a physical or mental illness. When a special needs trust is properly prepared by an experienced estate planning attorney, the assets in the trust will not be counted when applying for government benefits such as Supplemental Security Income (SSI), Medicaid, and housing benefits.
Special Needs Trust Services
If you are the parent, sibling, or loved one of a person with special needs, you may have concerns about what will happen to your special needs loved one after you are gone. You may wish to provide property or assets to ensure he or she will receive adequate care. But by outright giving the assets to your special needs loved one, you may risk his or her eligibility for government benefits. To avoid this result, many people utilize a special needs trust as a way to provide assets and care without jeopardizing the eligibility for government benefits.
The laws on special needs trusts can be complex. The Law Offices of Eric A. Rudolph P.C. can help you understand the complexities of a special needs trust and determine if it is right for you.