At Sussan, Greenwald & Wesler, our primary focus is ensuring your special needs child receives the educational opportunities he or she is entitled to, but we can also help you ensure your child’s future is protected. This can be accomplished through a special needs trust.
There are many ways in which a special needs trust can benefit your child:
• With a special needs trust, your child can enjoy the use of property intended to be held for their benefit.
• Such trusts provide for those who may lack the mental capacity to handle their own financial affairs.
• They can also offer fiscal advantages.
• They help beneficiaries retain access to essential government benefits.
• They can provide benefits to, and protect the assets of, physically and mentally disabled people.
• They are designed to pay for products or services otherwise excluded from public funding. If there’s enough funding, your child may also receive spending money to use for other expenses.
Through a special needs trust, a disabled beneficiary can receive gifts, lawsuit settlements and other funds without being denied eligibility for many income-dependent government programs. Our attorneys draft these trust documents so that the money being provided to the disabled child (the “beneficiary”) won’t be considered as belonging to the beneficiary when the government determines benefit eligibility. Special needs trusts are frequently created by a parent or another family member for a child with special needs even though the child may be an adult by the time the trust is created or funded. Such trusts can also be set up in a will as a way for someone to leave assets to a disabled relative.
For more than 40 years, Sussan, Greenwald & Wesler has helped families create special needs trusts for their disabled children. Our attorneys guide you through the process at every turn. Contact us today to discuss your child’s needs. We would be happy to answer your questions over the phone at 609.409.3500 or see you for an initial consultation in our comfortable and informal office.