Protecting the Future of Your Loved Ones with Special Needs
Planning for the future of a loved one with special needs requires careful consideration and expertise. At RCG Law Group, our experienced estate planning attorneys are dedicated to helping families secure their loved one’s financial stability and quality of life through the creation of Special Needs Trusts. Located in South Jordan, Utah, our law firm specializes in family law, estate planning, and business law, and we are here to guide you every step of the way.
A Special Needs Trust (SNT) is a vital tool for families who want to provide for a loved one with disabilities while preserving their eligibility for government benefits such as Medicaid or Supplemental Security Income (SSI). Without proper planning, an inheritance or financial gift can inadvertently disqualify a person with special needs from receiving these essential benefits. Our skilled attorneys can help you navigate this complex process and ensure that your loved one is protected.
What Is a Special Needs Trust?
A Special Needs Trust is a legal arrangement that allows assets to be held for the benefit of a person with disabilities without jeopardizing their eligibility for government assistance. It can be funded with various assets, including money, property, or life insurance proceeds, and is managed by a trustee who ensures that the funds are used to enhance the beneficiary’s quality of life.
There are different types of Special Needs Trusts:
- First-Party Trusts: Funded with the beneficiary’s own assets, often from a personal injury settlement or inheritance.
- Third-Party Trusts: Funded by someone other than the beneficiary, such as parents, grandparents, or other relatives.
- Pooled Trusts: Managed by a non-profit organization, pooling resources from multiple beneficiaries for cost efficiency.
Each type has unique benefits and considerations, and our South Jordan estate planning attorneys can help you determine which is best for your family’s circumstances.
Why Choose RCG Law Group for Your Special Needs Trust?
At RCG Law Group, we understand that every family’s situation is unique. Our compassionate attorneys work closely with you to create a tailored plan that meets your loved one’s specific needs. We handle all aspects of the process, including:
- Drafting and customizing the trust to align with your goals.
- Advising on trustee selection and responsibilities.
- Ensuring compliance with Utah and federal laws.
- Coordinating the trust with your overall estate plan.
We know that planning for the future can feel overwhelming, especially when it involves a loved one with special needs. Our team is here to provide the legal guidance and peace of mind you deserve.
How a Special Needs Trust Protects Your Loved One
A Special Needs Trust offers several advantages:
- Preserves Government Benefits: Ensures your loved one continues to qualify for programs like Medicaid and SSI.
- Improves Quality of Life: Funds can be used for supplemental expenses such as medical care, therapy, education, transportation, and recreational activities.
- Provides Financial Security: Protects assets from mismanagement or misuse, ensuring they are used solely for the beneficiary’s benefit.
Consult a South Jordan Special Needs Trust Lawyer Today
If you’re considering setting up a Special Needs Trust, don’t navigate this complex process alone. At RCG Law Group, we are committed to helping families in South Jordan and the surrounding areas plan for their future with confidence.
Contact us today at (385) 503-3663 or click here to schedule a consultation with one of our estate planning attorneys. Let us help you protect your loved one’s future and secure peace of mind for your family.