You've taken care of your special needs child their entire life, fighting for the services and benefits they deserve. Planning for their care after you are gone is a necessity, and can be very difficult, but it doesn't have to be. You're not alone — Alperin Law is here to help. Our special needs estate plan is crafted to give you the peace of mind in order for you to enjoy precious time with your special needs child or family member now. You will feel confident and comforted knowing they will be taken care of after you're gone.
Speak With Attorney Scott Alperin About Your Free Special Needs Planning Consultation
"With advance special needs planning, you can make sure your child will qualify for Medicaid and Supplemental Security Income (SSI) and also be able to have additional needs paid for with the assets you have left for them. I take great pride in helping you determine the best method of accomplishing these very important strategic go . When you need a special needs planning attorney in the Chesapeake, Virginia area who will treat you like family, don't hesitate to contact me directly."
-Attorney Scott Alperin
How Does Alperin Law Help Families With Special Needs Planning?
Third-Party Special Needs Trust
With a revocable or irrevocable living trust, you can set aside assets while you are alive and designate a trustee to provide funds from the trust to pay for the needs of the beneficiary after you are gone. This trust can be funded during your lifetime or upon your death and also be used to receive inheritances from others in the name of the person with special needs
First-Party Special Needs Trust
If a disabled individual receives money—such as an inheritance or insurance settlement—the money can be set aside by a parent, guardian, or the court in a first-party special needs trust so that the person does not lose public benefits. Any money remaining in the trust upon the beneficiary’s death must be paid back to the state for reimbursement of Medicaid benefits, so it is often referred to as a “payback trust.”
Under the Achieving a Better Life Experience Act of 2014, pre-tax contributions of up to $15,000 a year can be made into a savings account for individuals who became disabled before the age of 26 to pay for disability-related expenses. These assets will not count against SSI and Medicaid eligibility.
It’s never too soon to plan for the future needs of a disabled loved one. For more information please complete the form on this page. We look forward to helping you.