What Is A Special Needs Trust
A Special Needs Trust allows a disabled person to have assets set aside, that would normally disqualify that person for needs-based government benefits such as SSI, Section 8 Housing, SNAP and Medicaid/Medicare. By putting assets, including bank accounts, stocks, rental property, etc., in an irrevocable Special Needs Trust you ensure that your disabled child will not lose public benefits.
The assets or funds in the Special Needs Trust can only be used to pay for expenses that supplement the beneficiary’s government benefits. The funds cannot be used to pay for rent, food costs, utilities and more. That is why parents in Los Angeles need to work with an attorney who understands the ins and outs of this area of law.
The Importance Of Careful Planning For A Special Needs Trust
In California there are several types of Special Needs Trusts which each have their benefits and drawbacks. It is important to work with an attorney who knows the pros and cons of each type of plan. My main goal is to educate you on the type of plan that will work for your family. Every child with special needs is unique and thus each plan should be unique as well.
I will work with you to craft a Special Needs Trust to meet their needs without interfering with essential government benefits. You will have the peace of mind knowing that your adult special needs child will be taken care of, now and in the future.
While my office is in Los Angeles, I am happy to meet virtually and work with you in surrounding counties in California.
Call Green Rose Law Offices Today
Call my office to set up an appointment for a comprehensive estate plan with a special needs trust. We will discuss your family’s assets and needs and set up a comprehensive plan that meets your family’s unique needs. This will also include Powers of Attorney, Healthcare Directives and more.
Don’t leave your family’s financial stability to chance. Contact Green Rose Law Offices today at 424-401-3997 or fill out this form to partner with an experienced special needs trust attorney in Los Angeles.