A special needs trust is a flexible tool for helping you plan for your disabled family member when you are gone. The biggest reason that special needs trusts are created is to protect the assets of our disabled loved ones. In regard to assets, certain benefits in the community or provided by the government may be removed if our loved ones have too many assets. By putting a special needs trust in place, many of these assets will not be affected. For example, needs based government benefits such as SSI and Medicaid may be greatly reduced or even stopped if a parent of family member leaves an inheritance in their will. By leaving the inheritance to your loved one in a special needs trust as opposed to simply giving the money outright, your loved ones assets will be protected for years to come.
The law protects this money if it is used correctly. Understanding how special needs trusts work and how to best use them is something that a special needs trust attorney can help with. Special needs trusts are put in place to protect our loved ones in the future.
To create a special needs trust for someone you love, you will need an expert in the regulations and benefits relating to your loved ones and the state in which you live. Understanding when and if a special needs trust will benefit your loved one requires an expert as well. From tax issues and benefits programs to community resources, family issues related to the trust and the needs of your loved one can all be better taken into account with a skilled special needs trust attorney. Critical for the special needs person, it is important that you find the right attorney to assist you.
Special Needs Trust Attorney Gaylord MI
A sensitive subject, we understand that dealing with issues regarding our family when we are gone can be difficult, however, for the welfare of our loved ones, it is imperative. Miranda Bailey-Quick is a special needs trust attorney Gaylord MI. Get the peace of mind you need that your family is taken care of by providing them with a special needs trust. If you are considering a special needs trust and live in Northern Michigan, Harris Law is the right choice. To find out more about your rights and setting up a trust, contact us online for a free consultation or by phone at 231.347.4444 today.