Providing For A Child With Special Needs
Does your estate plan include provisions that benefit a disabled beneficiary with special needs? In Toms River and Linwood, New Jersey, the experienced estate planning lawyer who can make your wishes a reality with thoughtfully written, essential documentation is David A. Semanchik — founding attorney of the Law Office of David A. Semanchik. Our firm has handled these issues for more than 25 years.
David A. Semanchik can create a special needs trust to ensure that disabled or mentally ill beneficiaries can benefit from use of assets and property. This trust provides personal planning for those who may lack mental capacity to handle financial affairs and can help them avoid losing access to essential government benefits.
What Are the Benefits of a Special Needs Trust?
Advantages of a special needs trust include the following:
- The disabled beneficiary keeps SSI and SSD income and health care benefits.
- The trust can pay for items and services not covered by public benefits.
- The trust can pay for access to a physician who does not accept Medicaid.
Special needs trusts — which in New Jersey are categorized as third-party trusts and disability trusts — are ideal planning tools if a senior, child or other family member is disabled. It holds assets in reserve for a disabled person without negatively impacting eligibility for public benefits, and it can be used to supplement public benefits, paying for items and services that public benefits systems do not provide.
Caring for a loved one with special needs is sometimes not easy, but with help from an experienced Toms River lawyer, you can make sure your loved one’s needs will be adequately met in the future.
Contact an Ocean County Attorney for Supplemental Needs Trusts
Arrange your no-fee initial strategy session with Toms River special needs trusts attorney David A. Semanchik by toll-free call to 888-691-1099. Your overnight message or email will be responded to promptly. Our offices are conveniently located in Toms River and Linwood.