Supporting Your Loved One’s Future Through Special Needs Trust Planning
If you have a loved one with a disability or special needs, planning for their long-term care can feel overwhelming. We are here to make it easier.
At Chisholm Law Group, LLC, our dedicated attorneys help families provide for your loved one’s future through carefully structured special needs trusts. These trusts provide financial security without jeopardizing access to vital government benefits. We take the time to understand your family’s unique circumstances and build a plan that supports your goals with care.
Few families are prepared for special needs planning
Less than 1 in 5 families with a child with disabilities have a special needs trust in place.
Without one, loved ones may risk losing access to important government benefits. A properly structured trust can provide lifelong support while preserving Medicaid or SSI eligibility.
Source: National Disability Institute https://www.nationaldisabilityinstitute.org/resources/special-needs-trusts/
Whether you are planning for a child, sibling or other family member with special needs, our Bethesda attorneys will provide the knowledgeable counsel and support you need. Contact our firm at 844-991-1392 for a confidential consultation.
What Is A Special Needs Trust?
A special needs trust (SNT) is a legal arrangement that allows you to set aside money or assets for the care of someone with a disability without disqualifying them from essential government programs like Supplemental Security Income (SSI) or Medicaid.
It can benefit a wide range of individuals, including, but not limited to:
- Children or adults with disabilities
- Anyone receiving or applying for public benefits
- Families looking to provide future care without risking government support
- Caregivers seeking peace of mind for the road ahead
Special needs trusts can be adapted to reflect the evolving needs of your loved one. At Chisholm Law Group, LLC, we work closely with families to create or modify trusts that support long-term care, maintain financial security, and preserve access to essential public benefits.
Why Might I Need A Special Needs Trust?
Caring for a loved one with special needs requires careful planning. A special needs trust can be a vital tool in this process, offering benefits that address the complex challenges individuals with disabilities often face. It can help you and your beneficiary:
- Preserve government benefits: Keep your loved one eligible for Medicaid, Supplemental Security Income (SSI) and other government benefits.
- Supplement their quality of life: Cover expenses like therapy, education, recreation, travel or assistive technology to improve your family member’s quality of life.
- Appoint a trusted advocate: Choose a trustee to manage funds and ensure they’re used appropriately for your loved one’s benefit.
- Plan for the long term: Create financial security and peace of mind, knowing your loved one will be cared for even when you’re no longer able to help directly.
Ultimately, a well-crafted special needs trust can offer peace of mind for you and lasting security for your family. With the help of an experienced legal team, you can ensure your loved one’s long-term security and enhanced quality of life.
Build Long-Term Stability Through Thoughtful Trust Planning
Our trust management team can help you understand your family’s needs and your loved one’s specific situation, determine the right type of trust, fund the trust and ensure it stays compliant with changing laws.
Let’s work together to build a trust that gives your loved one the dignity, stability and care they deserve. Contact our Maryland office at 844-991-1392 or fill out our online form to schedule your confidential consultation.