Implementing a properly drafted special needs trust protects benefits such as Medicaid and SSI while providing supplemental funds for needs not covered by programs. It helps families avoid unintended disqualifications, ensures steady care, and gives trustees clear authority to manage resources for the beneficiary’s best interests.
A comprehensive plan simplifies administration by defining roles, timelines, and distributions, reducing confusion for trustees and caregivers. It also improves reporting and helps prevent disagreements among family members.
Hatcher Legal offers a practical, client focused approach to special needs planning. We collaborate with families to understand goals, coordinate with professionals, and deliver dependable documents that support care, benefits, and legacy intentions.
Choosing a trustee with financial acumen and a clear communication plan is critical. We help families select a capable individual or institution to oversee the trust.
A special needs trust is a planning tool designed to hold assets for a person with a disability while preserving eligibility for essential government benefits. It provides a separate source of funds for supplementary care without directly impacting benefits like Medicaid or SSI. The plan is tailored to individual needs and state rules.
A properly structured special needs trust generally preserves eligibility for public benefits. Missteps can trigger ineligibility, so it is important to work with an experienced attorney to ensure compliant provision and correct funding. We review all aspects to minimize risk and maintain eligibility.
A trustee can be a family member, a trusted friend, or a professional fiduciary. The key is a person or entity with financial responsibility, courage to follow instructions, and good communication skills to coordinate with caregivers and programs.
Funding sources include cash from estates, life insurance proceeds, and transfers of property. We guide families through asset movement and timing to ensure the trust remains capable of supporting care needs while complying with benefit rules.
Circumstances change over time, including health needs, finances, and law. Regular reviews help adjust distributions, trustees, and funding to maintain safety and effectiveness without disrupting eligibility or care.
Costs vary based on complexity. We provide transparent, upfront information about fees and timelines, and we tailor billing to the scope of work. Ongoing administration options are discussed to fit your budget and goals.
Yes. A trust can specify the process for removing and replacing a trustee. We help ensure smooth transitions that preserve the beneficiarys interests and maintain continuity of care.
Planning timelines depend on factors like asset readiness and decision making. A typical initial plan can take several weeks, with funding and final steps completed as assets are prepared and documents signed.
We offer in person and virtual consultations to accommodate client needs. Flexible scheduling helps families discuss goals and understand options from a convenient location.
Please bring any existing wills, trusts, benefit information, and a list of assets. Having a relatives contact list and care requirements helps us tailor the plan accurately and efficiently.
