Special Needs Planning

Mountain Empire Legal Services has experience serving families with a special needs loved one. Because of the complex rules that need to be met in order to take advantage of public benefits, providing for a loved one in this situation can be challenging. Most families are unaware of the options available to them. For instance, one common planning technique for children is to name them as a beneficiary of an inheritance. If a child with special needs receives an inheritance like savings accounts, investments, retirement plan benefits, an insurance policy or annuity they will likely have a reduction or elimination of public benefits. In an attempt to avoid making a financial mistake, some parents make the difficult decision to disinherit their special needs children.

Working with Mountain Empire legal Services can solve this problem. Our firm has experience working with parents and grandparents to create a Special Needs Trust. This is a Trust created by our firm that allows a parent or grandparent to transfer assets into the trust for the benefit of the disabled loved one. As long as specific provisions are drafted into the document, the assets transferred into the Special Needs Trust can be used to provide for the needs of your loved one while allowing them to maintain their governmental benefits, including Supplemental Security Income (SSI), Social Security and Medicaid.

Contact us today to learn the best way to provide for and protect your loved ones with special needs.

Practice Areas