One major dilemma is leaving enough money to cover the significant care and support your child needs throughout their life. However, directly leaving a large sum to a child with special needs can jeopardize their eligibility for crucial government benefits like Medicaid and Supplemental Security Income (SSI).
Fortunately, “Special Needs Trusts” offer a solution. These trusts allow you to set aside assets that provide supplemental financial resources for your child without affecting their public benefits eligibility. However, Special Needs Trust rules are intricate.
For example, trust funds can’t be directly distributed to the beneficiary. Instead, a third-party manages them, disbursing funds for goods and services that enhance your child’s quality of life. Additionally, the needs of a child with special needs and the laws governing public benefits can change significantly over time.
Therefore, working with a seasoned special needs attorney is crucial. We can create a comprehensive Special Needs Trust, ensuring it’s both legally sound and tailored to your child’s specific circumstances.
If you have a child with Down syndrome, Autism, Cerebral Palsy, or another developmental or intellectual disability, we can help. We’ll partner with you to create a sustainable living plan that provides the financial resources your child needs for a fulfilling life, while safeguarding their access to vital government benefits.
4959 Delhi Rd, Cincinnati, OH 45238
(513) 916-1600
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