The responsibility of caring for elderly persons and persons with disabilities is often given to their relatives. The United States government provides financial assistance through Medicaid, Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) to some extent, but it is rarely sufficient to meet all of the needs of the disabled. The attorneys at Morris Law Group can assist you in setting up a Special Needs Trust.
Special Needs Trusts may be created with the proceeds from a judgment or settlement or by a loved one with concerns for a beneficiary in need. Special Needs Trusts have many benefits, including:
- Preserving eligibility for government benefits.
- Providing funds to pay for “extras,” (e.g., homes, automobiles and prescription drugs).
- Protecting a case settlement from being immediately depleted due to the high cost of health care.
- Keeping assets within the family.
- Giving family members much needed peace of mind by providing funds to care for their loved ones who may not be able to care for themselves.
Our attorneys work closely with you to build unique special needs trusts to fulfill your goals. We want you and your family to be at ease knowing that your loved ones are well taken care of.
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.