Special needs estate planning focuses on providing care for the needs of our loved ones with disabilities after we are gone.
Our special needs trust attorneys are here to help design your trust with arrangements that protect your loved one’s eligibility for need-based government benefits.
A special needs trust protects disabled individuals’ eligibility in government assistance programs like Medicaid or Supplemental Security Income (SSI).
The special needs trust allows a trustee to distribute either income or assets in a way that doesn’t jeopardize the government benefits that your loved one receives. Since the special needs individual doesn’t actually own the assets within the special needs trust, they can still be eligible for the various benefits programs that have strict asset limits.
We’ll discuss your unique situation and help create a custom roadmap to ensure your wishes are always upheld. Contact us to get started today.
Parents of children with special needs must make careful estate planning choices to coordinate all of their children’s legal, financial, and special care needs – both now and in the future.
Usually receiving an inheritance, lawsuit settlement, or other monies will disqualify a special needs person from their government benefits. Special needs trusts are used to enhance the disabled person’s life while still allowing them to receive their public benefits such as Medicaid or SSI.
Special needs planning can be intimidating.
Not only are you forced to think about what happens when you die, but you also have to make potentially family altering decisions.
That’s where having a solid plan in place today can create peace of mind for whatever tomorrow brings.
Contact Will Gurus today to learn about your estate planning options.
Some of the many benefits of a special needs trust include:
Estate planning isn’t one-size-fits-all. Just like you, your plan deserves to be unique and fits your exact needs and wants. At Will Gurus, we take the time to listen first.
By listening carefully, we get to know each of our clients and then work together to make the best plan. Contact us at (865) 666-6175 to schedule a free no-obligation consultation today.
Many people know they need an estate plan but are unsure where to start or what elements to include. Our process always begins with a one-on-one conversation with an experienced special needs trust attorney.
The initial conversation is performed at no cost to help see where we can provide the most significant benefit given our clients’ unique needs. Understanding your vision for tomorrow, we’ll recommend which tools would best provide the framework to make that happen.
You get to remove this burden from you and your family. We ensure all of the necessary legal mechanisms are in place so that you don’t have to worry about the what-ifs tomorrow may bring.
If your situation changes, we are always here to help tailor your estate plan to best suit your needs.
A few things you will learn with this free guide…
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