To account for this dynamic, you could make a loved one with a disability the beneficiary of a special needs trust. Under program rules, the trustee could use the assets in the trust to improve the beneficiary’s quality of life.
Topics covered in this whitepaper include:
- Medicaid and Supplemental Security Income
- Special Needs Trusts
- Do I Need a Memorandum of Intent for My Special Needs Trust? - January 21, 2021
- Can a Trust Be Contested? - January 19, 2021
- 5 Steps for Finding the Right Long-Term Care Facility - January 14, 2021