A well drafted special needs plan safeguards eligibility for programs like SSI and Medicaid while providing a stable financial framework for care. It reduces risk of disqualifying expenditures, coordinates with caregivers, and enables consistent access to essential services. With clear trust terms, families gain peace of mind about the beneficiary’s future.
A comprehensive plan shields assets from mismanagement and ensures funds are directed to specific needs, reducing the risk that resources will disrupt eligibility for essential benefits.
Our team combines experience in estate planning, guardianship, and disability planning to deliver tailored, understandable plans. We focus on listening, collaboration, and transparent results that align with your family’s values and budget.
We review compliance with applicable programs and reporting requirements, ensuring continued eligibility and transparent administration.
A special needs trust is designed to supplement, not replace, government benefits for a beneficiary with a disability. It provides funds for daily living, therapy, and care while preserving eligibility. A well drafted plan clearly outlines distributions and trusteeship to avoid missteps.
In many cases, a properly structured trust will not adversely affect eligibility for needs‑based benefits. Instead, it can protect resources and ensure steady support. We tailor each arrangement to the beneficiary’s situation and current program requirements.
First‑party trusts use beneficiary assets and may have payback rules to government programs. Third‑party trusts involve gifts from others and generally do not require payback. Each type has distinct implications for eligibility and control over funds.
A trustee should be responsible, trustworthy, and communicative. Some families choose a professional trustee, while others appoint a family member with clear guidance. We provide a detailed role description and ongoing support to help trustees manage duties effectively.
Funding sources can include cash gifts, life insurance proceeds, settlements, and real property. Assets placed in the trust are managed for the beneficiary’s benefit and must be structured to avoid reducing eligibility for essential benefits.
Yes. A well designed trust can be updated to reflect changes in health, finances, or laws. We recommend periodic reviews and amendments as part of a proactive planning approach.
ABLE accounts provide a separate savings mechanism that can complement a trust. They allow funds for disability related expenses while maintaining eligibility for benefits, and can be coordinated with a trust to maximize available resources.
The timeline varies with complexity, but typically several weeks to a few months. Initial consultations, document drafting, funding steps, and trustee setup all factor into the schedule. We strive to move efficiently while ensuring accuracy and compliance.
Costs depend on the scope of planning and the complexity of the trust. We provide transparent fee structures and work with families to align with budgeting goals while delivering thorough, compliant documents.
You can start with a brief phone or in‑person consultation. We’ll explain options, gather necessary information, and outline the steps to create a tailored plan. Email or call our Hillcrest Heights office to schedule a convenient time.
