If you or a loved one has special needs, you may want to help get them a special needs trust. However, before going out and trying to get one, you first need to understand what it is. A special needs trust is a certain amount of funds which help to improve the quality of life for those living with special needs.
If someone living with special needs has more land or property than he/she can handle, they could potentially lose their government benefits. A Special Needs Trust is specifically designed to allow those with special needs to benefit from such financial windfalls as inheritance or even a divorce settlement.
Is a Special Needs Trust right for you?
To find out if a Special Needs Trust is right for you. It is recommended that you first consult with an attorney on the matter.
What to Tell an Attorney in the First Meeting
When meeting with him/her, you should provide him/her with information about the client’s disability, likes and dislikes, special circumstances, etc.
The more information you can provide about your situation, the more likely they’ll be able to help you obtain a Special Needs Trust. This includes such information as their medical diagnosis, a report detailing their condition from their doctor and their social security number.
You may also want to provide information on what should happen to the Special Needs Trust should the beneficiary pass away unexpectedly.
If you have any questions regarding this issue, you should absolutely go head and consult our Coachella Valley special needs lawyer.
Special Needs Attorneys of SBEMP
DISCLAIMER: This blog post does not constitute legal advice, and no attorney-client relationship is formed by reading it. This blog post may be considered ATTORNEY ADVERTISING in some states. Prior results do not guarantee a similar outcome. Additional facts or future developments may affect subjects contained within this blog post. Before acting or relying upon any information within this newsletter, seek the advice of an attorney.
