Special Needs Trusts in Grand Blanc, MI

Helping Families in Genesee County Care for Their Loved Ones

Special needs trusts are trusts that are designed to help families provide for the needs of their loved ones with disabilities. This can include paying for expenses related to medical care, housing, food, clothing, and more. Special needs trusts can also be used to provide financial support for a beneficiary's education.

At CFlegal, PC, our estate planning attorney can help you create a customized special needs trust tailored to your family's specific needs. We can help you decide how to manage the trust's funds, and we can provide guidance on how to protect the trust from potential future challenges to ensure that your loved one will always be taken care of.

Contact our Grand Blanc special needs trust attorney today at (810) 292-3115 to schedule an initial consultation.

What Is a Special Needs Trust?

A special needs trust is a trust created for the benefit of a person with a disability. The trust can be funded with money from sources such as an inheritance, personal injury settlement, or trust fund. The money in the trust can be used to pay for the beneficiary's expenses related to medical care, housing, food, clothing, and more.

Special needs trusts are different from other trusts because the beneficiary must have a disability that qualifies for government benefits. The beneficiary must also be receiving government benefits such as Supplemental Security Income, Social Security Disability Insurance, or Medicaid. If the beneficiary is receiving government benefits, the money in the special needs trust is not counted as income and the trust is not considered a resource, which means the beneficiary will not lose their benefits.

Special needs trusts can also be used to provide financial support for a beneficiary's education. If the beneficiary is enrolled in a qualified education program, the money in the trust can be used to pay for tuition, books, fees, room and board, and other education-related expenses. However, if the beneficiary is not enrolled in a qualified program, money in the trust can only be used for education-related expenses if the beneficiary is determined to have a severe cognitive impairment.

Special needs trusts can be created during the beneficiary's lifetime or after the beneficiary's death. If the trust is created during the beneficiary's lifetime, the trustee must be the beneficiary's parent, guardian, or someone appointed by the court. The trustee is responsible for managing the trust's funds and making sure the beneficiary receives the money he or she needs. If the trust is created after the beneficiary's death, the trustee is responsible for distributing the funds to the beneficiary's family members or others who are responsible for taking care of the beneficiary.

Why You Should Consider Creating a Special Needs Trust

There are several reasons why you should consider creating a special needs trust for your loved one with a disability. First, a special needs trust can help you provide for your loved one's needs while also protecting his or her government benefits. Second, a special needs trust can help you manage the money you receive after your loved one passes away. Finally, a special needs trust can help you protect your loved one's privacy.

The benefits of a special needs trust include:

• Helping you provide for your loved one's needs
• Protecting your loved one's government benefits
• Managing the money you receive after your loved one passes away
• Protecting your loved one's privacy

Helping Families Care for Their Loved Ones

At CFlegal, PC, our special needs trust attorney can help you create a customized special needs trust tailored to your family's specific needs. We can help you decide how to manage the trust's funds, and we can provide guidance on how to protect the trust from potential future challenges to ensure that your loved one will always be taken care of. 

Call our Grand Blanc special needs trust lawyer at (810) 292-3115 to schedule an initial consultation.