PLANNING FOR SPECIAL NEEDS

Special needs trusts can be an important component of one’s estate plan if there are disabled heirs for whom you want to provide for. In doing so, you have to be careful so as not to disqualify a loved one from a government benefit program such as supplemental security income (SSI) and Medicaid.

A properly drafted special needs trust must supplement and replace public benefits by not distributing directly to the beneficiary but to a third-party who provides such supplemental needs as:

Counseling fees not covered by Medicaid
Medical needs not covered by Medicaid
Chiropractic care not covered by Medicaid
Dental care not covered by Medicaid
Over-the-counter medications, vitamins and supplements
Clothing
Furniture
Home furnishings and the decor items
Vacation travel
Personal travel (taxi, ambulance, cab, etc.)
Non-food grocery items
Beauty parlor services
Entertainment (event tickets, video game console, etc.)
Mobile phone and service coverage/contract
Custom automobile
Massage therapy
Personal assistant
Legal and accounting fees
If you desire to provide for a loved one who has special needs, please contact us about establishing such a trust for their benefit and quality of life.

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