A properly drafted special needs trust preserves eligibility for public benefits while providing funds for education, therapy, housing, and recreation. It can reduce family conflict by outlining distribution rules and appointing a trusted trustee. In Lake Waccamaw, thoughtful planning shields assets from unintended penalties and ensures lasting support.
A well designed plan protects assets while ensuring compliance with state and federal guidelines. Proper documentation and regular reviews help prevent inadvertent disqualification from benefits and support steady, predictable funding for care.
We bring clear communication, practical planning, and a client-focused approach to every case. Our team prioritizes accessible explanations, transparent timelines, and collaborative problem solving to help you move forward with confidence.
We offer ongoing legal support for beneficiaries, trustees, and families. This includes annual reviews, compliance reminders, and assistance with any changes to programs or tax considerations.
A Special Needs Trust (SNT) is a dedicated trust designed to supplement, not replace, government benefits. It protects assets while funding additional services and supports. Beneficiaries receive enhanced care without risking loss of essential benefits. The trust is governed by specific rules that ensure long-term stability.
Public benefits like SSI and Medicaid have strict asset limits. An SNT can hold funds without counting toward those limits, enabling broader access to care. However, distributions must be carefully managed to avoid triggering ineligibility. We help families navigate these rules with precise planning.
A trustee should be someone trustworthy with financial acumen and a commitment to the beneficiary’s welfare. Duties include managing investments, keeping records, communicating with family, and following the trust terms. We help clients select and prepare a capable fiduciary who fits their needs.
Costs vary by complexity and funding needs, including drafting, reviews, and ongoing administration. A comprehensive plan usually offers greater long-term value by reducing risk and ensuring proper coordination with benefits. We provide transparent quotes and explain anticipated expenses upfront.
Yes. Family gifts or in some cases, assets inherited by the beneficiary can be used to fund an SNT. The structure requires careful timing and documentation to maintain eligibility for public benefits and protect the intended care plan.
Annual or biennial reviews are recommended. Changes in laws, family circumstances, or care needs can impact the trust. Regular updates keep the plan aligned with current benefits rules and the beneficiary’s evolving requirements.
Legislation can change, affecting eligibility rules and reporting requirements. A proactive approach includes regular legal reviews, ensuring the trust stays compliant and benefits remain accessible. We monitor developments and adjust the plan as needed.
A first-party trust uses the beneficiary’s own assets and may require payback provisions to government programs. A third-party trust is funded by others and typically avoids payback rules, offering more flexibility in distributions while preserving benefits.
Processing times vary with complexity, but most consultations lead to drafted documents within a few weeks. Coordination with financial institutions and benefit programs can extend timelines. We strive for clear milestones and regular updates throughout the process.
Yes. A well designed plan can accommodate different disabilities by outlining flexible distributions, tailored caregiving arrangements, and adaptable funding structures. We customize language to reflect diverse needs while maintaining compliance with applicable laws and program rules.
