Special needs trusts hold assets for a person with a disability while preserving eligibility for means-tested benefits, ensuring access to essential services. They provide flexibility to fund therapies, housing, assistive technology, and transportation, offering families a stable foundation for the future.
Enhanced security for future care, with coordinated funding that prioritizes essential services, therapy, and accessibility needs while safeguarding public benefits and minimizing potential gaps during life transitions.
Choosing the right team makes a difference in outcomes, cost control, and peace of mind. We bring a collaborative, client-centered approach to Severna Park, with clear explanations, careful planning, and a commitment to safeguarding vulnerable family members.
Final approval involves review, signatures, and funding completion, followed by post-setup checks. We confirm documents are properly executed, beneficiaries are informed, and the estate plan integrates with ongoing protective measures to ensure resilience.
A Special Needs Trust is a legal arrangement designed to supplement, not replace, government benefits for a person with a disability. It protects assets while allowing for additions such as therapies, equipment, and transportation to support quality of life.
Funding a special needs trust typically involves transferring assets from a parent, guardian, or estate to the trust, while avoiding disqualifying the beneficiary. We plan funding to balance immediate care costs with long-term protection, ensuring smooth administration and compliance.
The trustee can be a family member, a trusted professional, or a corporate trustee. The key is selecting someone who understands fiduciary duties, communicates clearly, and can manage distributions to supplement care while preserving benefits.
Typically, a sound plan includes limits on asset disposition, tax considerations, and instructions for heirs. The trust should provide for ongoing care or transfer of remaining resources according to your wishes while complying with program rules.
Yes. A carefully drafted trust can work alongside Medicaid to protect assets and fund care. We ensure the trust’s terms avoid counting toward eligibility while enabling supplemental coverage for services not fully provided by public programs.
Guardians oversee daily care decisions while the trust handles financial support. Coordinating guardianship with trust provisions helps preserve independence and access to services. We guide families through the legal steps to align guardianship with the trust’s purposes.
Costs vary by complexity, but this investment typically covers planning, drafting, and coordination with benefits programs. We provide transparent estimates and emphasize long-term savings by preventing inadvertent disqualifications and ensuring smoother administration.
Process timelines depend on the case complexity, availability of documents, and funding needs. We create a realistic schedule, keep you informed, and adjust steps as required to deliver a complete and compliant plan.
A well-structured trust is designed to protect benefits. We ensure distributions are supplementary and assets remain in trust, not owned by the beneficiary. This preserves eligibility while expanding supports for daily living and long-term care.
Yes. Trusts can be amended or restated as circumstances change, with proper legal steps. We guide you through updates to reflect new goals, beneficiary needs, or changes in laws, while maintaining eligibility safeguards.
