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What Is A Special Need Trust?
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WHAT IS A
SPECIAL NEEDS TRUST?
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ESTATE PLANNING DEVICES
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ESTATE PLANNING is not a one-size-fits-all endeavor
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There are different legal devices that are utilized depending on
the circumstances
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CONSIDER THE RECIPIENT
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When you are planning your estate, you should consider the life situation of each individual
inheritor
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The best way to arrange for future asset transfers may differ
from person to person
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SPECIAL NEEDS PLANNING
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You may have someone with a disability in your family
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People with disabilities often rely on government benefits like Medicaid and Supplemental
Security Income
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NEED-BASED PROGRAMS
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Medicaid and SSI are need-based programs
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You cannot qualify if your resources exceed the upper
asset limits
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MORE HARM THAN GOOD?
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If you leave a direct inheritance to someone who is receiving
need-based government benefits, you could be doing
more harm than good
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The influx of resources could render the inheritor ineligible
for need-based benefits
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SPECIAL NEEDS TRUSTS
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You could leave someone with a disability an inheritance by making this individual the
beneficiary of a SPECIAL NEEDS TRUST
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Assets conveyed into the trust can be used by the trustee to
improve the quality of life of the beneficiary
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These expenditures do not impact government benefit
eligibility
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FREE Indianapolis Special Needs
Planning Consultation
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If you have someone with a disability on your inheritance list, contact our firm to schedule a
free special needs planning consultation