A special needs trust (SNT) is an important legal tool for making sure your loved one's health care and living needs are taken care of in the event that you predecease them or are prevented from financially supporting them for some other reason. An additional, and very important, benefit of a special needs trust is that the funds placed in that trust will not disqualify the recipient from receiving government benefits.
Galloway and Collens, PLLC, is a leading estate planning law firm that is ready to set up and administer the right kind of trust to take care of your family member's special needs. Attorney Howard H. Collens has many years of experience handling all trust-related matters throughout Royal Oak and Michigan, including:
- Establishing special needs trusts for families
- Serving as SNT trustee
- Court-appointed trusteeship
Guidance For Trustees
In addition, we also provide experienced legal advice to individuals assigned as trustees for special needs trusts. If you are the trustee of a special needs trust, you have a fiduciary responsibility to ensure that you comply with the terms of the trust. We will explain the relationship between you, the family and the beneficiary, and will help ensure your rights are protected in the event of a challenge from a family member.
Special needs trusts can be used to provide many types of financial support, including:
- Medical and dental care
- Therapy expenses
- Education expenses
- Utility costs
- Transportation expenses
- Many others
Will A Special Needs Trust Disqualify The Beneficiary For Government Assistance?
Finding the right way to provide for the needs of an adult, child or grandchild with special needs is a challenge for anyone engaging in estate planning or establishing a family trust. How do you take care of a person who has the additional expenses associated with a special mental or physical need, without affecting the beneficiary's qualifications for government benefits, such as Social Security and Medicaid? An irrevocable stand-alone SNT provides for the beneficiary, without disqualifying him or her from government assistance.
Huntington Woods, MI, Trust And Wills Attorneys
Contact our offices to arrange a consultation with attorney Howard H. Collens to discuss your specific circumstances. Our firm is ready to handle all aspects of establishing and administering a special needs trust. From our offices in Huntington Woods, our lawyers represent clients throughout southeastern Michigan.load more content