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:
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.
Our law firm is ready to help. Contact the real estate and estate planning attorneys at Galloway and Collens, PLLC.