Planning for Special Needs Every Step of the Way
With You Every Step of the Way
Help the special people in your life maintain and get the benefits they deserve by planning ahead.
People with special needs need extra special planning, care, and consideration.
(479)717-6300
Challenges
- Leaving money for the benefit of the child without causing the child to lose important, means tested public benefits
- Making sure the funds are well managed for them and their benefit
- Keeping siblings from facing the burden of care
- Fairness of distribution between your children
- Make sure there is enough money to meet your disabled child’s needs
- Avoid paying it all back to Medicaid
- Disinheriting your loved one isn’t always the right answers.
Trusts
A Special Needs Trust is used to hold money for your children without that money counting as an asset for Supplemental Security Income (SSI) or Medicaid. You can have the money in the trust used to pay for services that are not covered by government programs, insurance, or for extras that improve their quality of life like electronics, transportation, tickets, hobbies, and more.
A Supplemental Needs Trust can be the beneficiary of your life insurance policy or your entire estate. Anybody, not just you, can contribute to the special needs trust. And, there isn’t a Medicaid payback in these trusts. The money can be passed on as you want, not as the Government dictates with certain kinds of special needs planning.
DeWitt Law Firm’s Steps
Listen
We listen to you and identify what matters most to you – wants, goals, worries, and concerns
Evaluate
We evaluate your options and pick the best one
Advise
We discuss the issues involved and advise you on the pros and cons of each option
Prescribe
After we Listen, Evaluate, and Advise, only then will we Prescribe the Best Solution for your Peace of Mind