Special Needs Trust
Philadelphia Special Needs Trust Lawyer
Disabled children and adults have many health care, financial and ordinary daily needs. When family members choose to leave inheritances or a personal injury lawsuit is settled, it is essential that these funds do not jeopardize the government benefits which the disabled individual may have been receiving.
At Robert M. Slutsky Associates, we center our practice on helping the elderly, disabled and adults planning for the future. With over 14 years of practice, Mr. Slutsky is capable of helping clients with special needs planning techniques which protect disabled adults and children. Contact Robert M. Slutsky Associates to consult with an experienced attorney.
Protecting Assets, Preserving Benefits
A special needs trust provides benefits to the disabled child or adult (the beneficiary) while a trustee manages the funds. Because funds in a special needs trust are not considered an asset of the individual, government program eligibility is maintained. A special needs trust may be developed as a result of the following:
- Inheritance passed to disabled individuals: When passing inheritances to a disabled child, grandchild, niece, nephew or other loved one, it is important to consider how that inheritance may impact the person’s rights. While your intentions are good, failure to speak with a lawyer experienced in special needs planning can seriously jeopardize the individual’s government benefits, such as SSDI. We can help you structure a special needs trust so that you may provide for your loved one while also protecting their future benefit needs.
- Personal injury settlements: Many handicapped individuals have sustained a serious injury in an accident of some form. When recovering compensation, it is important to develop a structured settlement which provides benefits for the disabled individual without impacting assets or income – thus maintaining eligibility for Medicaid, SSI and other income based government benefit programs.
Robert M. Slutsky Associates is adept at the complex estate planning needs of friends, loved ones and parents of disabled children. We can help you tailor a plan that provides for your disabled loved one.
Contact Robert M. Slutsky Associates to schedule a consultation with an experienced special needs trust attorney.