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Special Needs Trusts
Protect Your Loved Ones in Greatest Need
If you have a loved one with physical or mental disabilities, his or her future is probably one of your biggest concerns. With a Special Needs Trust, you can guarantee they will have the resources to get proper care after you are gone and live a comfortable lifestyle. And at Elder Law of Georgia, we excel at creating these legally binding documents.
What Does a Special Needs Trust Do?
A special needs trust is intended to provide your loved one with the assets you wish to pass along – while allowing them to remain eligible for government benefits. In addition, assets in a trust are not subject to probate or estate taxes, further protecting the value your loved one will receive.
NEED TO KNOW: SPECIAL NEEDS TRUST
Beyond Protecting Public Assistance
We already noted that a special needs trust allows your loved one to continue to receive needs-based assistance from government programs. However, the benefits of this type of trust go beyond that and also include:
- Increasing Quality of Life: Trust funds can pay for supplemental goods and services that government programs do not cover. This includes specialized medical care, education, accessible vehicles, travel, and personal hobbies.
- Managing Other Funds: If your loved one receives a personal injury settlement, a malpractice payout, or an unexpected inheritance, a “first-party” special needs trust can be set aside to shelter those funds while preserving their benefits.
- Controlling Financial Distributions: This trust allows you to dictate what happens to any remaining funds in the trust after the beneficiary passes away.
Specialists in Special Needs Trusts
When you visit our offices in Gainesville, the attorneys at Elder Law of Georgia, P.C., can help you create a comprehensive plan that considers the entirety of your loved one’s future. We are also skilled at special needs trust administration.
Why Elder Law?
Located in Hall County, the experts at Elder Law of Georgia studied law so you do not have to. We are well-versed in how wills, trusts and other estate planning documents are handled. You can be assured that, when you meet with us, you are getting honest advice from lawyers who genuinely care about you.
Remove the Burden of Your Care
At Elder Law of Georgia, P.C., our attorneys have drafted hundreds of estate plans that uphold our clients’ wishes for their future. To learn more about beginning or updating your estate plan – including a special needs trust – please call 678-971-4971 or fill out our online contact form. Our office is in Gainesville, but we serve the entire Hall County area.
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