01/29/2020
If you have been providing care for a loved one with special needs, you’ve probably wondered about what will happen when you’re gone.
Of course, you can leave property to your loved one, but doing so without some careful estate planning may jeopardize his or her ability to receive benefits under the Supplemental Security Income (SSI) and Medicaid programs. This week's blog entry discusses Special Needs Trust - an estate planning tool that allows you to protect your loved one's government benefits while continuing to supplement his or her special needs. Contact Hope Law Firm to assist you with setting up a Special Needs Trust and all other estate planning needs such as a Will, Power of Attorney, and/or Trust at (574) 784-1019.
1. Who can benefit from a special needs trust?– People with a permanent or severe disability who are unable to earn a living;– Someone who may get better;– Someone who may need a special needs trust in the future;– Someone who is eligible for Medicare or SSDI; and– Someone who needs assist...