Special Needs Trusts help preserve eligibility for programs like SSI and Medicaid while enabling funds to cover education, therapies, housing, equipment, and enrichment activities. A properly drafted trust reduces risk of disqualification, provides control for trustees, and ensures steady support for the beneficiary across life stages.
An integrated plan creates consistent care instructions, updated documents, and stable funding flows that persist across caregiver changes and life events.
Our team provides thorough, transparent guidance with practical steps that reflect your goals, budgets, and care needs. We emphasize client education, predictable timelines, and responsive communication.
We provide periodic reviews, updates for changes in law, and assistance with annual reporting and beneficiary needs.
Funding a special needs trust typically comes from a combination of assets, gifts, or pour over provisions from a will. It is important to fund the trust appropriately to ensure ongoing protection for the beneficiary.
Funding can be done through cash, securities, or other resources. Some assets may require careful planning to avoid counting against means tested programs, so consulting with an attorney is essential.
The trustee can be a family member, a professional, or a hybrid arrangement. The key is to choose someone reliable, organized, and able to communicate clearly with caregivers and service providers.
First party SNTs involve assets belonging to the beneficiary and may have payback rules. Third party SNTs are funded with assets from others and typically do not require payback to government programs.
Fees vary by complexity and locale but are typically reasonable for comprehensive planning. Ask for a clear breakdown of legal fees, filing costs, and any ongoing maintenance charges.
After death, remaining assets may be used to reimburse Medicaid or other programs if a payback provision exists. The trust terms often specify how funds are allocated and what remains for heirs.
Yes, ABLE accounts may complement an SNT. They serve different purposes, and working with an attorney helps coordinate eligibility, contributions, and distributions to maximize benefits.
The timeline depends on complexity and readiness of documents. A typical process can take several weeks to a few months, depending on funding and coordination with other professionals.
SNTs have limited tax implications, but earnings may generate tax reporting. A qualified attorney or accountant can help optimize tax outcomes while ensuring compliance with applicable laws.
