Special Needs Planning
It is common for a disabled adult to receive governmental benefits
Including but not limited to Supplement Security Income (SSI) or Medicaid. However, to be eligible for these benefits, these individuals must meet an asset and low income standard. A sizeable personal injury recovery or inheritance could make the individual ineligible for benefits.
At the law firm of Kelaher, Van Dyke, Moriarty & Kalksma, our attorneys are knowledgeable in all matters related to special needs planning. Our lawyers are skilled in drafting Special Needs Trusts and Supplemental Benefits Trusts to hold assets for the benefit of a disabled individual.
Contact NJ Special Needs Planning Attorneys
To discuss planning for a family member with special needs, please set-up an initial consultation with one of our legal professionals. For your convenience, we will be more than happy to discuss your case with you over the phone, at our office, or at your home.
NJ Special Needs Trust
A Special Needs Trust is created after a personal injury recovery to hold assets for the benefit of the injured individual. Rather than transferring the compensation directly to the individual, the assets are placed into a Special Needs Trust so that the individual will still qualify for government benefits.
Supplemental Benefits Trust
A Supplemental Benefits Trust is created to transfer an inheritance, or other assets, for the benefit of a disabled individual. Rather than distributing the inheritance outright to the individual, the assets are placed into a Supplemental Benefits Trust so that the individual will still qualify for government benefits.
Let Us Help You
To find out more about any of our elder law services, or to schedule an initial consultation, please feel free to contact us. We look forward to helping you create a stable and secure future for you and your loved ones. We are also available for house calls, hospital calls, and Zoom calls.
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