Special Needs Trusts: Protect Your Loved Ones’ Future
If you have a child, sibling, or family member with special needs, you may be concerned about what will happen when you are no longer able to care for them.
Generally, a person with special needs or some type of disability would receive government benefits, such as Supplemental Security Income (SSI), food stamps (SNAP Benefits), or Medical Assistance (MA) in case of having no relative or people in charge of taking care of them.
What the Benefits Do
While government benefits may cover the most basic needs, such as food, housing, shelter, clothing, and certain medical services, these limited benefits will not provide your loved one with special needs with the resources that would allow them to enjoy a higher quality of life.
These benefits depend primarily on whether the person has limited income and assets. For example, an inheritance may jeopardize a person with a disability’s access to these government benefits.
Nevertheless, through the incorporation of a Special Needs Trust, it is still legally possible to provide a disabled person with an “inheritance” and not put at risk their possibility to access government benefits.
Setting up A Special Needs Trust
The Law Offices of Howe and Garside, LTD can help you set up a Special Needs Trust that can pay not only for everyday survival items but cover experiences beyond the individual’s basic needs, such as:
Vacations
Trips to visit relatives
Concerts, Theater, Movies
Hobbies or recreational activities
TVs, Ipads, cellphones, laptops, and other electronics
Working tools
Furniture
Athletic training, gym memberships
Videogames, music, games
Sporting Events
Check-ups at an independent medical facility
Supplemental education
Dental expenses
Transportation
Purchase or maintenance of vehicles
Purchase materials for a hobby
Special dietary needs
Personal care attendant
Special Needs Trust’s funds can be used on anything except for things that can be converted into food and shelter.
Special Needs Trust must be specifically designed to supplement, not replace, government benefits. You should take into account that trust funds cannot be given directly to the special needs beneficiary but must be disbursed to third parties who provide goods and services for the use and enjoyment of the beneficiary. Misuse of trust funds, or distribution of funds directly to the disabled beneficiary, will almost certainly lead to the individual’s disqualification from government benefits.
We Can Help
The Law Offices of Howe and Garside, LTD can help you develop a Special Needs Trust to avoid situations that threaten to make your loved one ineligible for government benefits. Our attorneys have years of experience in setting up and designing Special Needs Trusts and will do everything we can to help you make the right decisions for your best legal outcome.
We will assess your legal concerns and handle your case with the attention it deserves. Contact us today at our online contact form to schedule a free consultation.
The Law Offices of Howe and Garside, LTD provides highly-experienced legal solutions in Newport, Lincoln, Middletown, Portsmouth, Warwick, Greenwich, Kingstown, Tiverton, and the surrounding Rhode Island communities.
The Law Offices of Howe and Garside, LTD
55 Memorial Blvd. Suite 5
Newport, RI 02840