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The Savannah special needs attorneys at Smith Barid can help you set up a Special Needs Trust so that government benefit eligibility is preserved while at the same time providing assets that will meet the supplemental needs of the disabled person (those that go beyond food, shelter, and clothing and the medical and long term supports and services of Medicaid). The Special Needs Trust can fund those additional needs. In fact, the Special Needs Trust must be designed specifically to supplement, not replace, public benefits. Parents should be aware that funds from the trust cannot be distributed directly to the disabled beneficiary. Instead, the funds must be disbursed to third parties who provide goods and services for use and enjoyment by the disabled beneficiary.
The Special Needs Trust can be used for a variety of life-enhancing expenditures without compromising your loved one’s eligibility such as:
Special Needs Trusts are a critical component of your estate planning if you have disabled beneficiaries for whom you wish to provide after your passing. Generally, Special Needs Trusts are either a stand alone trust funded with a separate asset like a life insurance policy or a sub-trust of your living trust. If you’d like to schedule a time to talk with one of our special needs attorneys about your special child’s needs, click here to request an appointment. To learn more how about how our process for special needs planning, click here.
Raising an autistic child can be expensive. Between dr. appointments, therapy sessions, and other programs you may be wondering what benefits are available to help