Providing For A Loved One With Special Needs
Many children and adults with special needs rely upon government subsidies such as Missouri’s Medicaid program, MO HealthNet or Supplemental Security Income for financial assistance. These programs, however, only provide for the most basic needs. Recipients must obtain resources from elsewhere to obtain items that are not essential, but vitally important for maintaining an adequately enjoyable standard of living.
If you have a special needs child or adult in your life and would like to provide them with supplemental resources, it is important to proceed with care. Simply giving them money or gifts outside of a special needs trust fund could render them ineligible for much-needed government support.
Special needs trusts for adults are legal instruments allowing individuals or families to set aside money and assets for a special needs person without making him or her ineligible for government assistance.
What Is A Special Needs Trust And How Can It Help?
A special needs trust can provide your loved one with the financial means of obtaining items such as:
- Clothing (beyond the bare essentials)
- Personal grooming products
- Music, DVDs and other entertainment
At Lisha A. Seery, LLC, in Springfield, Missouri, we understand how important it is that your loved one enjoys a good standard of living, and that he or she maintains eligibility to essential government programs. We can help you take the legal steps that are required to setting up a special needs trust so you can provide for your loved one like you always have.
Contact Us Today To Learn More About These Types Of Trusts
Our experienced estate planning lawyer and staff are here to help you help your loved one by setting up a special needs trust. Contact us online or by telephone at 417-459-4390 to arrange a consultation with an experienced estate planning attorney.