Special Needs Trusts
If you or someone you love requires extensive medical care, it may be advantageous to set up a special arrangement to provide the maximum amount of financial aid. A special needs trust, or SNT, is one such solution, allowing you to provide for advanced medical needs while keeping other financial lifelines, such as Medicaid, Supplemental Security Income, and Social Security Disability, at their peak benefits level. A properly administrated special needs trust will maximize benefits for an individual with advanced medical needs so they have the financial freedom to live the life they deserve.
The skilled elder law attorneys at Raffaele Puppio have years of experience creating special needs trusts for their clients in Delaware County. Whether the SNT is meant for you (a first-party SNT) or someone else (a third-party SNT), you can rest assured that we will explore every contingency to make certain that the beneficiary receives the best possible care that your funding can provide. If you desire, we can also help you set up a corporation for a pooled SNT, a non-profit organization meant to be managed for two or more people with similar conditions.
Even if your desired beneficiary is only partially disabled, or expects to receive medical care in the future, such as for a worsening condition, establishing a special needs trust now may be the best solution. A special needs trust is especially desirable if the beneficiary has come into money from an injury settlement; such money can disqualify that person from significant benefits unless it is handled properly. Our experienced trusts attorneys will help you decide if a special needs trust is right for you and help you set one up with minimum hassle and maximum return.
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