A Special Needs Trust is an essential tool that allows you to provide financial support to a loved one with special needs without jeopardizing their eligibility for governmental benefits. At Aguila Law, we guide you in creating a Special Needs Trust tailored to your unique situation.
Understanding a Special Needs Trust
A Special Needs Trust is a legal arrangement that holds assets for the benefit of a person with disabilities. This type of trust allows the individual to benefit from supplemental funds without losing eligibility for public benefits like Medicaid or Supplemental Security Income (SSI).
The Importance of a Special Needs Trust
Creating a Special Needs Trust helps ensure that your loved one with special needs has financial stability and resources for their care, both now and in the future, without losing essential governmental assistance.
Establishing a Special Needs Trust
Creating a Special Needs Trust involves understanding complex laws and regulations. We work with you to develop a legally sound trust, tailored to your specific needs and circumstances.
Choosing a Trustee
Selecting a trustee for a Special Needs Trust is a critical decision. The trustee is responsible for managing and distributing the trust’s assets. We guide you through this process to ensure you choose someone trustworthy and capable.
Funding a Special Needs Trust
A Special Needs Trust can be funded with various assets like cash, real estate, investments, life insurance proceeds, and inheritances. We help you understand the best ways to fund the trust based on your assets and financial goals.
Integrating a Special Needs Trust into Your Estate Plan
A Special Needs Trust is a vital component of your broader estate plan, especially when providing for a loved one with special needs. We ensure this trust is seamlessly integrated with your overall estate plan.
Updating Your Special Needs Trust
As your circumstances or laws change, it may be necessary to update your Special Needs Trust. We offer ongoing support and guidance to ensure your trust stays current and continues to serve its purpose effectively.
At Aguila Law, we understand the unique challenges faced by families with special needs members. Reach out to us today at (305) 967-8554 to discuss creating a Special Needs Trust. We are here to protect your loved ones and secure their future.
Questions About a Special Needs Trust? Contact Us Today.