There was a time when people who had a loved one with a disability, whether it was physical, mental, or developmental, felt like they were marooned on a desert island. There was very little available to them in terms of support, and they worried about what would happen when they were no longer able to provide the services their loved one needed. Thankfully, those days are gone, and there are many more support services available to people with special needs, and that includes planning for a future when family members are no longer around to help out, or are unable to do so.
These situations can be addressed through a Special Needs Trust (SNT). This is a legal framework by which a family can provide for the future of their disabled loved one, and it can be tailored to the unique needs of each family.
An experienced attorney can set things up so that the disabled person can qualify for government programs such as Medicaid and Supplemental Security Income, which can supply a large portion of the funding for the disabled person’s needs.
Many people mistakenly assume that these government benefits apply only to low income families. However, the law encourages SNT planning that makes use of both public and private resources. With an Special Needs Trust in place disabled beneficiaries can receive government benefits they are entitled to first, and then supplement them with private assets.
If you need expert advice about setting up a Special Needs Trust for a loved one, contact Grissom Law, LLC at 678-781-9230.
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