Your Advocate For Special Needs Planning
Individuals and families with special needs face a variety of obstacles. Gaining access to public health benefits to improve their quality of life should not be one of them. In order to secure benefits such as Supplemental Security Income or Medicaid, you must prove that you have a financial need. For some, establishing need could require the assistance of an attorney to set up a special needs trust.
At Heritage Elder Law & Estate Planning, we understand the unique challenges you face if you or a loved one has special needs. We help clients throughout western Pennsylvania with special needs planning with the individualized attention and compassion they deserve.
Special Needs Trusts
A special needs trust can help an individual enjoy financial security while still allowing them to qualify for public health benefits that require the individual to have a financial need. There are two types of special needs trusts that might be appropriate depending upon your circumstances. They include:
- Third-party special needs trusts that are set up by a parent or guardian who wishes to fund a trust for a child
- First-party special needs trusts designed to hold the assets of an individual who has their own assets
First-party trusts may be appropriate when an individual with special needs receives financial resources, such as through inheritance or a lawsuit settlement, that might inhibit their ability to receive public health benefits.
Maximizing Quality Of Life
Establishing special needs trusts can allow individuals with disabilities to enjoy a better quality of life. They can use money from these trusts for such things as vacations, hobbies or to pay educational expenses. These financial resources cannot be used for food and shelter, which are funded by Supplemental Security Income benefits.
Establishing these trusts is complicated, but our experienced estate planning attorneys understand the intricacies of the process. As a firm devoted to the practice of elder law and estate planning, we have the knowledge and background required to help reduce the stress that can be associated with setting up a trust.
Discuss Your Options With An Experienced Attorney
If you need to discuss options for creating a trust for either a child, yourself or a loved one with special needs, contact our Butler office by calling 724-897-7781 or by emailing us. Our attorneys are ready to put our experience with special needs planning to work for you. We can help you secure the quality of life you deserve.