Sarasota Special Needs Trusts
If you have a loved one with a disability, read about how a special needs trust may help
Leaving money, property, or other assets for disabled loved ones requires special planning. Without setting up a Special Needs Trust, you may be putting your loved one at risk for losing Medicaid or Supplemental Security Income (SSI) benefits.
What is a Special Needs Trust?
A Special Needs Trust is a trust that excludes certain assets and income from being counted against Medicaid or SSI benefits.
Oftentimes, when your disabled relative comes into money, he or she will lose Medicaid eligibility. This forces your relative to use inheritance money to pay for healthcare until he or she is once again eligible for Medicaid.
How a Special Needs Trust Can Help
A Special Needs Trust allows your disabled loved ones to use funds to enhance their lives, without jeopardizing SSI and Medicaid benefits.
Contact our compassionate attorneys today
At O’Brien & Bennett, our attorneys work with you and your disabled loved ones to ensure that they retain healthcare benefits and SSI. For more information regarding Special Needs Trusts, please call us today at 941-316-9200 or contact us online to schedule a consultation.