Special Needs
Estate Planning
Estate Planning and Business Law
At Heritance Law, we specialize in Special Needs Estate Planning to ensure that your loved ones with disabilities receive the care and support they need. Our expert team creates customized plans that provide for their financial security while preserving eligibility for essential benefits.
Secure Your Loved One’s Future with Tailored Trusts
At Heritance Law, we understand the complexities and emotional challenges involved in planning for loved ones with disabilities. Our Special Needs Estate Planning services are designed to provide comprehensive solutions to ensure that your child’s needs are thoughtfully and effectively addressed long after you are no longer able to advocate for them. We offer expert guidance in selecting the most suitable trust options for your situation, including Support Trusts and Supplemental/Special Needs Trusts. Our goal is to create a plan that not only provides for your loved one’s unique needs but also preserves their eligibility for essential public assistance benefits. By working closely with you, we tailor our strategies to ensure that your child’s future is secure and that their quality of life is maintained.
Expert Guidance on Trust Options
Choose from our expert-recommended trust options to best meet your family’s needs. Support Trusts provide for essential expenses but may affect eligibility for SSI and Medicaid. For continued public assistance benefits, a Supplemental/Special Needs Trust is often the best choice. We offer both Third-Party and Self-Settled Supplemental/Special Needs Trusts to fit your specific situation, ensuring your loved one receives the care they need without compromising their benefits.
Ongoing Support and Resources for Effective Planning
Planning for a loved one with special needs involves staying informed about the latest changes in medical, educational, financial, and legal fields. Heritance Law provides comprehensive support and access to resources, keeping you updated and prepared. Let us guide you through the process, ensuring that your estate plan is robust and effective. Contact us today to secure a future of care and stability for your loved ones.
FAQ
Special Needs Estate Planning involves creating legal and financial arrangements to provide for the care and support of individuals with disabilities after their caregivers are no longer able to do so. It aims to ensure that these individuals receive the necessary care without losing eligibility for public assistance benefits.
A Supplemental/Special Needs Trust is a legal arrangement designed to manage resources for an individual with disabilities while preserving their eligibility for government benefits like Supplemental Security Income (SSI) and Medicaid. It allows funds to be used for additional needs not covered by public assistance.
Support Trusts provide for basic needs such as food, shelter, and medical care, but may disqualify the beneficiary from receiving SSI or Medicaid. Supplemental/Special Needs Trusts, on the other hand, are designed to supplement public benefits without affecting eligibility, covering expenses beyond what is provided by government programs.
A Third-Party Supplemental/Special Needs Trust is created using assets from someone other than the individual with disabilities, typically parents or family members. It is established as part of an estate plan to provide for the individual’s needs while preserving their eligibility for public assistance.
A Self-Settled Supplemental/Special Needs Trust is funded with the assets of the individual with disabilities, such as proceeds from a personal injury settlement. This type of trust is often used when the individual receives a large sum of money that needs to be managed to maintain eligibility for public benefits.
Choosing the right trust depends on your loved one’s needs and the type of benefits they receive. If they require SSI or Medicaid, a Supplemental/Special Needs Trust is generally recommended. Support Trusts may be suitable if public assistance is not a factor.
Depending on the type of trust and applicable laws, modifications or revocations may be possible. It’s important to consult with a legal expert to understand the options and procedures for changing or terminating a trust.
Heritance Law provides comprehensive services in Special Needs Estate Planning, including creating and managing Supplemental/Special Needs Trusts, offering expert guidance on trust options, and ensuring compliance with legal requirements. We work closely with you to develop a plan that meets your family’s needs.
To begin Special Needs Estate Planning, contact Heritance Law. Our experienced team will help you evaluate your situation, choose the appropriate trust options, and create a customized plan to ensure your loved one’s future needs are met. Reach out to us today to start the process.
Why Choose Us
Expertise and
Experience
At Heritance Law, our team brings a wealth of expertise and years of experience to every case. Our attorneys have a deep understanding of the law and a proven track record of success across a variety of practice areas.
Tailored Solutions
We understand that every legal situation is unique, and there is no one-size-fits-all approach. At Heritance Law, we take the time to understand your specific needs and concerns, crafting personalized legal strategies that align with your goals.
Client-Centered
Approach
Your needs are our top priority. We focus on understanding your unique situation and tailoring our legal strategies to meet your specific challenges. At Heritance Law, we listen carefully, keep you informed at every stage, and work diligently to achieve the best possible outcomes for you.
Comprehensive
Legal Services
We offer a wide range of legal services to address your diverse needs. Whether you require assistance with family law, estate planning, business law, or any other legal matter, Heritance Law is equipped with the expertise to provide comprehensive support and guidance throughout your legal journey.
Proven Results
ur firm is built on a foundation of success. We have a history of achieving favorable outcomes for our clients, handling numerous cases with skill and securing significant settlements and verdicts. Our reputation for excellence is a testament to our consistent ability to deliver positive results.
Transparent
Communication
We believe in maintaining open and transparent communication with our clients. From your initial consultation to the resolution of your case, we ensure you are always informed about the progress and developments.
Memberships and Accreditations
