The goal of creating a Self-Funded Special Needs Trust is to allow the disabled person to retain a gift of money or an inheritance without jeopardizing other benefits. At Feldman Law Group, we know how to create the trust that will ensure your special needs loved one has access to superior care and a good quality of life.
Generally speaking, a disabled individual who receives a cash gift or an inheritance must claim the gift as “property,” disqualifying the individual from receiving needs-based government benefits. A properly drafted self-funded special needs trust holds the cash or assets in a trust. The funds are not under the disabled individual’s control. Therefore, the beneficiary can continue to receive government benefits.
Additionally, the self-funded special needs trust may pay for some specific needs of the disabled individual as the trustee wishes, including:
- Medical care
- Dental care
- Personal care services
- Handicapped-equipped vehicles
These items and more can be paid through the trust without jeopardizing government benefits, as long as the trustee adheres to the standards set for maintenance of the trust and for investing of trust assets. A self-funded special needs trust attorney in Walnut Creek can help you establish this important part of your estate plan if you have a child or another special needs relative in Alameda County.
Reach out Feldman Law Group
A properly drafted self-funded special needs trust safeguards your assets, assures quality of care for the disabled person you love, and offers you peace of mind for the future.
At Feldman Law Group, we can help you work toward achieving your estate planning goals if they include providing protection for a loved one with a disability or other special needs. Our self-funded special needs lawyer in Walnut Creek can provide the experience you need to rest assured that your loved one will be financially secure after your passing.
Founding attorney Aaron Feldman is an experienced litigator and trained mediator, offering his clients a broad approach to their special needs support or other estate planning matters in Alameda County.
Contact us online to learn more about how our services can match your current and future legal needs!