Estate Planning | Making a Difference One Family at a Time

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supplemental needs trust 1There are pointed approaches that can be taken to address every type of inheritance planning challenge. With this in mind, when you are planning your estate, you should consider the life situation of every person on your inheritance list.

A perfectly acceptable way to transfer assets to one person may not be appropriate for the next, and this definitely applies to an inheritance that you want to leave to a person with a disability.

Need-Based Government Benefits

Most Americans get insurance through their employers, but a significant percentage of people with disabilities are unable to enter the workforce. Fortunately, Medicaid provides a healthcare insurance safety net for individuals with limited resources.

People with disabilities that qualify for Medicaid typically receive Supplemental Security Income (SSI). As the name would indicate, this is a modest but welcome source of income.

These are need-based programs that are only available to people with very limited assets. If you were to leave a direct inheritance to someone that is relying on these benefits, it could impact their eligibility status.

Supplemental Needs Trust

Medicaid does not cover every health care related procedure or treatment that a person may want or need. The maximum monthly seminar schedule page. When you identify the session that you would like to attend, follow the simple instructions to register.

Need Help Now?

If you are ready to put an estate plan in place, we can work with you to develop the ideal strategy for you and your family. You can set the wheels in motion if you give us a call at 860-548-1000.

There is also a contact form on this site you can use to send us a message, and if you reach out electronically, you can expect to receive a prompt response.

 

 

Jeffrey A. Nirenstein, Estate Planning Attorney
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