Everyone needs a
And this certainly goes for disabled persons as well. However, a
disabled person (or his or her parent or guardian) also needs to think
about the unique factors that affect a disabled or special needs person.
key thing is to be sure that assets are not passed to the disabled
person (often a son or daughter) that could result in disqualifying him
or her from government assistance -- like Supplemental Security Income
(SSI) and/or medicaid. The best way to do that is by using a Special or Supplemental Needs Trust
(for the third party -- like a parent). These trusts should have
provisions that allow certain kinds of support to be provided, but not
support that would disqualify the disabled person from SSI and/or
medicaid. The trust language needs to comply with the "safe harbor"
Congress created for SSI/Medicaid purposes. Be sure to read the articles
linked to above for more information.
We'd love to hear your comments or opinions. Submit them here and other visitors can read them and comment on them. An e-mail address is not required.
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