A special needs trust preserves critical benefits such as SSI and Medicaid while allowing supplemental support for housing, education, and therapy. By planning ahead, families can avoid inadvertent disqualifications, maintain control over assets, and reduce the risk of assets being spent down during emergencies.
By coordinating care, funding, and legal documents, a comprehensive plan offers stability for the beneficiary through life events, ensuring services continue and eligibility remains intact.
Choosing our firm means partnering with experienced professionals who prioritize clear communication, thorough analysis, and reliable execution. We tailor strategies to each family’s situation and help you stay compliant with NC requirements.
Ongoing oversight includes periodic reviews, adjusting distributions, and updating guardianship and powers of attorney as needs and laws evolve.
An SNT is a trust designed to hold assets for a beneficiary with a disability so that government benefits are not jeopardized. It is typically used when there are assets that could otherwise affect eligibility. People who want to ensure ongoing support while preserving access to benefits consider an SNT.
An SNT aims to preserve benefits like SSI and Medicaid, while allowing supplemental funds for care. However, improper funding or distributions can impact eligibility, so careful drafting and ongoing monitoring are essential. Working with an experienced attorney reduces risk and clarifies expectations.
The trustee should be someone trustworthy, organized, and familiar with disability planning. Common choices include family members, professional fiduciaries, or a trusted non-profit organization. The key is clear communication and the ability to manage investments and distributions responsibly.
Funding typically involves transferring assets into the trust via monetary contributions, property transfers, or beneficiary designations. It requires precise legal steps to ensure the transfer is valid and compliant with state and federal rules while maintaining benefit eligibility.
A Letter of Intent documents the beneficiary’s preferences, routines, and goals for future care. While not legally binding, it guides trustees and guardians, helping to preserve the beneficiary’s quality of life as circumstances change over time.
Costs vary by complexity and services required, including drafting, funding, and periodic reviews. Our firm provides transparent pricing and a detailed plan so families understand the financial commitment and the long-term value of a comprehensive trust strategy.
An SNT can be irrevocable or revocable depending on the chosen structure and goals. Irrevocable arrangements typically offer stronger protections for benefits, while revocable options provide flexibility. A careful assessment helps determine the best fit for your family.
Regular reviews are advised at least annually or after major life changes. Updates may involve guardianship shifts, changes in eligibility rules, or updated care needs. Ongoing oversight helps keep the plan aligned with current law and family priorities.
Guardianship plays a central role in arranging care and ensuring decisions reflect the beneficiary’s best interests. SNT planning often coordinates with guardianship to manage funds, authorize distributions, and support long term caregiving arrangements.
To start with Hatcher Legal, contact our Wilson office for a no-charge initial consultation. We will review your situation, discuss options, and outline a tailored plan. From there, we guide you step by step through drafting, funding, and implementing the trust.
