Special Needs Trusts Attorney
At Life Care Planning Law Group, we assist clients with various estate planning needs, such as the creation of trusts. Special needs trusts are a type of irrevocable trust that applies to aging individuals. Our attorneys can guide you step by step to create a trust for your benefit. To learn more about special needs trusts, contact our experienced lawyers by calling our office in Salem, Massachusetts, at 978.745.4410.
What Is a Special Needs Trust?
Also called a supplemental needs trusts, special needs trusts are created to ensure ongoing care of individuals with special needs, a handicap or a disability. The beneficiary of the trust can use the trust to pay for various supplementary needs such as:
- Vacations
- Transportation
- Therapy
- Medical and dental expenses not covered by insurance
- Home furnishings
- Education
- Recreational activity
Why Are Special Needs Trusts Important?
Special needs trusts are a way to protect the assets and secure funds for aging parents. If you leave your loved one assets through a gift or will, you may end up disqualifying him or her from receiving public benefits like Medicaid or Social Security Disability Insurance.
By leaving money in a special needs trust, your loved one will still be able to apply for government assistance programs. This is because trust money is managed by a trustee for the benefit of a loved one. The trustee uses his or her discretion to use trust funds to buy necessities for your loved one.
Experienced Estate Planning Attorneys
The attorneys at Life Care Planning Law Group can assist with creating a special needs trust for an aging adult. We will go over everything you need to consider before creating a trust, listening carefully to your concerns. We will carefully word the trust in a way that is legally effective and clearly explains what the trust assets can be used for. Let us put our experience to work for you.
Contact Our Special Needs Estate Planning Lawyer Today
Schedule a consultation at our firm for help creating a special needs trust. Contact our Salem law office at 978.745.4410 to speak to an experienced estate planning lawyer.