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If you have a disabled loved one, you might worry about how best to protect them financially. This is understandable; after all, your family is precious. But how do you ensure that your loved one is financially secure when you’re gone? And how do you ensure that they continue to receive government support, even if they benefit from your estate?
The answer may be a special needs trust (SNT).
A California special needs trust is a type of legal arrangement. It allows disabled beneficiaries to continue receiving assistance from government programs, like Medi-Cal, even if they have assets. In other words, the trust “shields” those assets and ensures the person remains eligible for benefits.
SNTs are also known as supplemental needs trusts.coverage. The special needs trusts are in place to catch what the state won’t, leaving you worry-free.
Typically, only those on low income, with few assets, receive public assistance such as SSI and Medi-Cal. SNTs let your loved one receive the public support they are entitled to without sacrificing their legal rights to your estate.
Special needs trusts can also help the beneficiary secure access to other resources not provided by the government, such as:
SNTs improve your loved one’s quality of life. And they give you peace of mind, knowing you are doing all that you can to secure their comfort.
There are various types of SNTs in California. No two special needs trusts for disabled adults are the same.
For example, you might create a first-party trust, which is funded by your loved one’s own assets. Or, more commonly, you can set up a third-party trust. This is funded by another family member, such as a grandparent.
Choosing the trust structure, and deciding how to fund the trust, is complicated. There are legal pros and cons with either option. Our special needs trust attorneys can ensure you fully understand the choices available. We can help you make an informed decision you can be satisfied with.
When it comes to following the letter and the rule for special needs trusts, California offers a most successful firm, the Law Offices of Alice A. Salvo.
Our California special needs trust attorneys are reputable and knowledgeable. We’re well-versed with Medi-Cal and can set up the trust in such a way that you will never have to worry about losing state-offered coverage.
With a special needs trust, California-based disabled citizens can enjoy a more comfortable, higher quality of life.
Understanding the intricacies of health insurance and medical care can be confusing to say the least. Without knowing all the ins and outs, you could potentially miss something that can cost you dearly. Having our special needs trust attorneys at your side will keep you from missing that potentially devastating fine print.
Having a disabled family member can sometimes be overwhelming. You may feel isolated and alone, dealing with matters that other families do not understand.
Attorney Alice A. Salvo, however, appreciates what you’re going through. She has extensive experience helping individuals deal with medical companies, expenses, and paperwork. Just knowing that our special needs trust attorneys are here for you can make the process less stressful.
You deserve to know that your loved ones are properly cared for, and that’s where we can help. Special needs trusts are unique, and they require careful management. But our attorneys have the experience and knowledge to help you create the right trust to suit your family.
Discover how to protect your loved one’s legal rights today. Call our special needs trust lawyers or send us a note to schedule a meeting.