Supplemental Needs Trusts Attorneys in Lakeland, FL

Persons with disabilities require special planning considerations if they receive Supplemental Security Income (SSI) or Medicaid benefits to ensure that they do not receive assets that will disqualify them from these programs. SSI and Medicaid both have very restrictive laws and regulations about what a person can own.

Assets that are placed into a special needs trust (also called a supplemental needs trust) can be used for the benefit of the person with disabilities but not count as a resource, or asset, for SSI and Medicaid purposes. A special needs trust differs from other trusts by restricting the use of the trust assets to items or services to meet the “special needs” of the beneficiary. Special needs are items or services, other than shelter or food, that impact the person’s quality of life. Special needs vary widely depending on the nature of the disability.

We can explain the pros and cons of special needs trusts and help you evaluate whether this planning tool is appropriate for your loved one.

Contact our Elder Law Attorneys for an appointment to answer your questions and allow them to provide you with the peace of mind you deserve.

About Carol J. Wallace

Carol Wallace has dedicated her career to serving the legal needs of seniors. Carol practiced many years in Alabama before relocating to Florida in 2008. She is certified as an elder law attorney by the National Elder Law Foundation in 1996. She was the first attorney in Alabama with this distinction.

Carol was a partner in the Elder Law Firm of Glass & Wallace, P.C. with offices in Huntsville and Decatur, Alabama, from 1997 to 2009. That law firm was the first in Alabama dedicated to serving the legal needs of seniors.