The main benefit is protecting assets while supporting daily care, education, and independence. Properly structured trusts can reduce probate complexity, simplify future administration, and provide clear guidelines for trustees. The result is greater security for the beneficiary and reduced uncertainty for family caregivers.
Better long-term outcomes arise from coordinated goals, transparent decision-making, predictable funding, and ongoing monitoring that adapts to changes in health, income, and family circumstances.
As a locally focused law firm, we understand Maryland rules and regional needs. Our approach combines clear communication, transparent pricing, and steady guidance through each stage of trust creation and administration.
Annual reviews assess beneficiary needs, funding levels, and regulatory changes. We adjust the plan to maintain compliance, effectiveness, and alignment with family goals.
A Special Needs Trust (SNT) is a legal arrangement that holds assets for a beneficiary with a disability without disqualifying them from essential government programs. It defines when and how assets can be used to support care, education, and quality of life. The trust is managed by a trustee who follows a written plan and accounts for distributions.
An SNT preserves eligibility by ensuring assets are spent on approved needs rather than countable resources. Properly drafted provisions guide distributions for healthcare, housing, and personal development while maintaining compliance with Medicaid and SSI rules. Regular reviews help keep pace with changing regulations.
The trustee should be a capable, trustworthy individual or professional fiduciary with a clear understanding of disability planning. They must follow the trust terms, keep records, and communicate with family. Selecting someone aligned with the beneficiary’s needs helps the plan run smoothly.
Costs vary by complexity and funding method, including attorney fees, setup costs, and ongoing administration. We provide transparent estimates, detailed engagement letters, and predictable pricing to help families plan. Some funding options may also influence ongoing administrative expenses.
Yes. Life insurance proceeds can fund an SNT or its successor, and inheritances can be placed into a properly drafted trust. It is essential to structure these funds to preserve benefits and coordinate with trustees, beneficiaries, and program rules.
A letter of intent communicates family goals, routines, medical considerations, and preferences for caregiving. While not legally binding, it guides trustees and caregivers in making decisions aligned with the beneficiary’s best interests and long-term wellbeing.
Planning and setup timelines vary, but most cases require several weeks to several months. The process depends on the complexity of assets, beneficiary needs, and responsiveness of involved parties. We provide a clear timetable and frequent updates to manage expectations.
Upon the beneficiary’s death, the trust terms determine final distributions and any required payback to programs like Medicaid. We explain these provisions during drafting and ensure they are consistent with your goals and state requirements.
In many instances, a well-drafted SNT is irrevocable, but some provisions permit adjustments for certain circumstances. We review options with you, plan for potential changes, and explain how to update or amend the trust if needed.
An SNT is a powerful tool in disability planning but may not fit every situation. We assess needs, benefits, family circumstances, and goals to determine when an SNT is the right choice and how it complements other planning strategies.
