The main concern we hear from clients who have children with special needs is planning for the financial future of that child. A “special needs” trust often plays a critical role in securing that financial future for a child with disabilities. Payne, Powell, and Truitt can help you set up a special needs trust to provide for a child or other family member with a disability without harming his or her eligibility for public assistance benefits such as Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), Medicare and Medicaid. A special needs trust can help to avoid this problems in obtaining these benefits because assets that are held in a properly drafted special needs trust are not considered when determining eligibility for these and other “financial need-based” government benefits.
The attorneys with Payne, Powell, and Truitt have extensive experience establishing Specials Needs Trusts as part of a comprehensive estate plan. We are keenly aware that planning for a loved one with special needs is an emotional challenge and will offer you compassion and knowledge and put your mind at ease. Call our office today to set up a consultation.
