Experienced Advocacy For The Right Special Needs Trusts
Creating a trust means your loved ones will likely not have to go through the difficult and time-consuming probate process after you pass away. There are many advantages to creating a trust. You can keep your wishes about how you will be distributing your assets a private matter. You can also choose who the beneficiary of a specific asset will be.
A trust can be set up to provide for your needs while you are alive if you suddenly become incapacitated and can no longer speak for yourself. You can protect your assets from being used for purposes that you do not agree with.
A special needs trust is different. It can be a vital tool to ensure your assets are protected if you need Medicaid to cover your care in a nursing home facility in the future. It can also be used to protect against reduction of your VA benefits with a VA asset protection trust.
A special needs trust can also be an essential part of your estate plan to make sure your disabled loved one continues getting the care they need after you are gone. It can also be set up to safeguard a loved one’s ability to continue qualifying for government benefits with a third-party supplemental needs trust or (d)(4)(A) trust.
A Special Needs Trust Can Serve Many Purposes
Considerations for long-term care are a vital part of estate planning if your child or grandchild has a physical disability, emotional issues, mental impairment or other special needs. They may need to collect Supplemental Security Income (SSI) and Medicaid, but could be disqualified if they are set to inherit a lump sum of money or property. A special needs trust will be instrumental in protecting their ability to continue receiving public benefits.
Our knowledgeable team can help you with an estate plan that establishes the right special needs trust for your family’s needs.
Contact Us For Help With Your Special Needs Plan
Our firm has over 30 years of experience helping families protect their assets while providing for the well-being of their loved ones with special needs. At Donna J. Jackson & Associates, PLLC, in Oklahoma City, our attorneys provide personalized, compassionate services centered on your individual circumstances. Email or call us today at 405-767-0333 to schedule an appointment.