Ingram Publishing Services Planning for the financial future of a loved one who receives disability? Understand that giving this person anything of value (such as in a regular will or trust) will result in a reduction of SSI and Medicaid. Avoid this cruel result by creating a special needs trust. This book explains how these trusts work, and shows you how to set one up, with or without a lawyer. Leave money to a loved one with a disability—without losing benefits
Use a special needs trust to provide financial security for your child (or anyone) with a disability, without jeopardizing important government benefits. Funds in a special needs trust do not count against eligibility for benefits and can be used to improve the quality of your child’s life.
This book provides everything you need to know about special needs trusts—whether you make one yourself or have an attorney draft one for you. The authors explain:
how special needs trusts work
the trustee’s role
ways to pass important information to successor trustees
the pros and cons of joining a pooled trust, and
creating special needs trust with or without a lawyer.
This 7th edition is thoroughly updated and includes new chapters on ABLE accounts and letters of intent.