Special Needs Planning
We work with both persons with disabilities and family members of persons with disabilities in planning to preserve the disabled person's eligibility for government benefits, such as Social Security and Medicaid. Our special needs planning practice includes the drafting of Special Needs Trusts, such as Irrevocable Third-Party Supplemental Needs Trusts and Self-Settled Special Needs Trusts. We also offer advice about the funding of pooled trusts. In preparing an estate plan, we pay careful attention to the disabled individual’s future needs and the family’s objectives to ensure appropriate lifetime care.
Recent engagements include:
- Designing estate plans for a disabled adult and his elderly parent, including an Irrevocable Third-Party Supplemental Needs Trust and a Self-Settled Special Needs Trust.
- Planning for a couple concerned about preserving the future availability of government benefits for their ill minor child.
- Advising parents to ensure their disabled children will have sufficient assets for their future security by creating and funding a Supplemental Needs Trust with life insurance and other assets.
- Establishing and funding a Special Needs Trust for a disabled beneficiary who inherited assets that would otherwise have disqualified her for essential government benefits.