“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
– Warren Buffett
Special Needs Planning In Cleveland And Northeast Ohio
Modern medical care continues to increase the life-span of the average person with special needs, making it more important than ever to make sure that they are properly cared for. Our firm provides legal assistance to special needs clients and their families in protecting assets while retaining eligibility for government benefits. We understand how vital it is to ensure that you and those you care about have their needs met, and we want you to know that we are here to help.
Special Needs Trusts
Government benefits are only available to those whose income is below a certain amount. While selling off assets and spending the proceeds is certainly one way to meet government requirements, it is rarely the most prudent way to do so. With a special needs trust, any individual under 65, or a loved one, can place assets in a trust to cover the many costs that arise during day-to-day life. The individual with special needs can still get government benefits, while not having to rely solely on those benefits to meet all of his or her needs.
A special needs trust can also protect any case settlements from being depleted. Healthcare costs can be considerable, and without a special needs trust it is likely that a settlement will be taken for those costs. A special needs trust also allows you to keep assets in the family, which is important when you want your hard work to benefit those that matter most to you.
Please contact us now to learn more.