At Solomon, Steiner & Peck, Ltd., our team of estate planning attorneys and paralegals work together with Ohio families facing a wide variety of individual, family and health-related legal issues.
Leaving an inheritance to benefit a child or grandchild with special needs can be a real challenge. The recipient may not be able to manage the money. And receiving an inheritance may cause a loss of public benefits. So what can you do?
At Solomon, Steiner & Peck, Ltd., our attorneys are accomplished in disability planning. We work with parents and other family members who are worried about the future life and well-being of a disabled child.
We can help parents of disabled children set up a special needs trust, which can provide for the child after the parents’ death.
Protecting Special Needs Benefits
Provisions to allow funds for the payment of medical and long-term care, guardians and personal living must be made in such a way that the child does not risk losing government benefits. These may include Medicaid, SSI, food stamps, subsidized housing and other public benefits, which are based on a person’s assets and income.
The funds in the special needs trust are designated to be used for your disabled child’s benefit. But they won’t trigger the loss of public benefits. Instead, they just supplement the public benefits.
Disability law is constantly changing, and we help our clients understand how these changes can affect their plans. To discuss disability planning, please contact our law firm today.