Planning for Families With Disabled Children
Parents or grandparents who care for a minor child or adult with special needs such as physical or mental disabilities can ease their worries about the future care by drafting a supplemental needs trust. You can specify when a supplemental needs trust will receive the funds for the minor child or adult, and administer it in a way that does not disqualify the person from public support.
If a supplemental needs trust might make sense in your family's situation, contact Kantrowitz, Goldhamer & Graifman, P.C. Our firm provides experienced representation for all estate planning needs. We will work closely with you to create a supplemental needs trust that works for your family. After a thorough review of your finances, our lawyers will advise you on how to structure the trust you need. To arrange a consultation with our Rockland County supplemental needs trust attorneys, please call 800-660-7843 or contact us online.
A Supplemental Needs Trust Can Improve the Life of Disabled Persons
A properly drafted supplemental needs trust can ensure the financial future for disabled children without jeopardizing their eligibility for Medicaid or Supplemental Security Income (SSI) benefits. Subject to certain restrictions, funds from a supplemental needs trust can improve the quality of life by purchasing non-essential goods and services that Medicaid and SSI do not provide. These goods and services may include "luxury" items and additional living expenses.
In New York, any unconsumed assets left when the trust is no longer needed can pass to a designated person. In New Jersey, the state is reimbursed for support received, and then any left-over funds may go to a designated person.
Please call our office at 800-660-7843 to schedule an appointment to discuss a supplemental needs trust. Messages left after business hours are returned promptly.