Special needs trusts, sometimes referred to as "supplemental needs trusts," create financial arrangements that improve the quality of life for disabled persons. At the law office of Levine & Levine, our attorney structures special needs trusts to pay for food, clothing, luxury items, and other living expenses without putting a beneficiary's Medicaid or Supplemental Security Income (SSI) eligibility at risk. Our lawyer evaluates your financial situation and long-term goals to determine how best to structure a special needs trust for you. Stocks, bonds, cash, as well as a home or apartment can all be included in the trust fund. Understanding how best to allocate these and other resources requires a full understanding of what a special needs trust can do for its beneficiary.
If you have questions regarding special needs trusts, contact our estate planning attorney at Levine & Levine today. We can review your financial situation and existing estate plan and discuss the steps you can take to secure your family's financial or healthcare future.
Depending on the situation, who arranges a supplemental needs trusts can make a difference in what money is recovered — if any — after the beneficiary passes away. In general, there are three different situations in which a supplemental needs trust is established:
If you have questions regarding how you can use a special needs trust to secure a family member's future, contact our estate planning attorney at Levine & Levine today. Our knowledge of trusts, finances and Medicaid law places our firm in a strong position to assist individuals in these matters.