TakeawaysSpecial needs trusts (SNTs) help people with disabilities cover expenses while remaining eligible for needs-based government benefits such as Medicaid and Supplemental Security Income (SSI). Common mistakes, like giving the beneficiary cash gifts or directly paying for their housing costs, may lead to a reduction or loss of their SSI and Medicaid benefits.When managed correctly, a special needs trust Read More
11 Common Special Needs Planning Acronyms
Navigating the world of disability benefits and supports can feel overwhelming, especially with all the acronyms involved. Understanding these acronyms can make planning for things like education, financial support, and care go more smoothly.Here are 11 common acronyms you may encounter in special needs planning, from financial programs like SSI and SSDI to care-related terms such as HCBS, so you know what Read More
Who Are the Key Players in Special Needs Planning?
TakeawaysSpecial needs planning requires a team of various professionals, such as attorneys, financial planners, trustees, and care managers. These experts help families address the legal, financial, and daily care needs of people with disabilities. This includes setting up special needs trusts, securing legal guardianship, and coordinating access to services.A quarter of households in the United Read More
Understanding Special Needs Trusts: A Practical Overview
Planning for the future is never simple, but it can feel especially overwhelming when a loved one has a disability. Families often worry about how to provide long-term financial support without jeopardizing access to essential public benefits like Supplemental Security Income (SSI) or Medicaid. This is where Special Needs Trusts (often called “SNTs”) play a critical role. A Special Needs Trust is a legal tool Read More
(704) 827-3941
(704) 800-6454
704-827-0644