Sometimes a loved one is born with special needs; however, a catastrophic accident can also lead to a loved one becoming a “special needs” individual. When that is the case you can face a dilemma when it comes time for your loved one to accept a personal injury settlement or award. If your loved one is dependent on the benefits offered by federal programs such as Medicaid or SSI a lump sum injury settlement or award can cause your loved one to become ineligible for those benefits. Often the best … [Read more...] about Using a Special Needs Trust to Protect an Injury Settlement
special needs trust
If you are the parent of a special needs child you likely worry about your child’s future. Specifically, you may worry about the day when you are no longer around to provide the day to day care and the financial support your child will likely always need. A special needs trust can go a long way toward alleviating your concerns and ensuring that your special needs child is financially provided for long after you are gone. Although each special needs individual is unique, most share a need for … [Read more...] about When Do I Need a Special Needs Trust?
If you have a special needs individual in your family then you likely already know there are numerous challenges involved in caring for someone with special needs. Often, those challenges are financial. Unless you are operating with extremely deep pockets, there is a good chance that your special needs family member will need to depend on assistance from one or more of the federal and state assistance programs. Qualifying for those programs, however, can get tricky if your special needs loved … [Read more...] about First Party Special Needs Trust in Houston Texas