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Special Needs Planning
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If you currently care for a child or loved one with special needs, such as mental or physical disabilities, you will most likely have concerns about what may happen to them when you are no longer able to care for them. While it is possible to provide for them through bequests of money and assets, doing so has the possibility to disqualify them from receiving benefits under the Supplemental Security Income (SSI) and Medicaid programs.
While SSI and Medicaid can supply money for the basic necessities, these limited benefits do nothing to ensure your loved one will have the resources to enjoy a richer quality of life. The government has established a certain type of trust, called a “Special Needs” or “Supplemental Needs,” that will allow assets to be held in trust for a recipient of SSI or Medicaid. A Special Needs Trust can stand alone or work in conjunction with your larger estate plan.
The Special Needs Trust can be used for a variety of life-enhancing expenditures without compromising your loved ones’ SSI or Medicaid eligibility, such as:
- Annual check-ups at an independent medical facility
- Attendance of religious services
- Supplemental education and tutoring
- Out-of-pocket medical and dental expenses
- Transportation
- Maintenance of vehicles
- Hobbies
- Recreational activities and entertainment
- Trips or vacations
- Home furnishings and electronics
- Athletics
- Special dietary needs
- Personal care
- Attendant or escort
The Khaled Law Firm can help you set up a Special Needs Trust designed to maintain eligibility for government benefits while providing assets that will meet the supplemental needs of the disabled person. Such a trust can fund those needs that go beyond food, shelter, clothing and Medicaid medical services; it does not replace public benefits, but rather supplements them. Funds placed in a Special Needs Trust must be disbursed to a third party who will administer the trust for the benefit and enjoyment of the disabled beneficiary.
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Our law firm represents clients from all areas of SC, including, but not limited to, York County, Lancaster County, Chester County, Union County, Cherokee County, Fairfield County, Spartanburg County, and Chesterfield County. This includes the areas of Rock Hill, York, Lancaster, Chester, Indian Land, Sun City, Fort Mill, Lake Wylie, Tega Cay, Clover, McConnells, Lowrys, Lewis, Rodman, Edgemoor, Lesslie, Catawba, Van Wyck, Lando, Bethany, Lockhart, Hickory Grove, Sharon, Smyrna, Union, Carlisle, Whitmire, Shelton, Fort Lawn, Great Falls, White Oak, Blacksburg, Gaffney and Spartanburg.
Affiliated through the North Carolina Law Office of Frank Hancock, our firm handles cases throughout NC including, but not limited to, Gaston County and Mecklenburg County, encompassing the areas of Charlotte, Pineville, Ballentyne, Gastonia, and Monroe.
Attorney Khaled’s name is sometimes misspelled as Julia Kahled, Julia Khalid, Julia Kahlid, Julia Kuled, Julia Caled and Julia Colette.
Attorney Schultz’s name is sometimes misspelled as Tara Shultz, Tara Schulz, Tara Schulze and Tara Shulz.
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