Supplemental Needs Trust Services
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Do You Have a Child or a Loved One With a Disability?
Many people living with a disability live long lives and outlive their parents. You already know that planning ahead is critical.
Getting your loved one qualified for public benefits such as SSI (Supplemental Security Income) and Medicaid can be onerous. However, securing and maintaining these benefits can be critical to a family’s financial viability. SSI and Medicaid may be worth hundreds of thousands to millions of dollars over the lifetime of the person with a disability and their family members, especially if they have expensive medical issues.
Because SSI and Medicaid have income and asset limits, the recipient cannot directly receive money from an inheritance or a settlement, or they will lose their benefits. Sometimes well-meaning parents who know this leave their disabled children out of their wills. Instead, they leave their assets to their other children in hopes they will take care of the child with needs. This unfortunate scenario can lead to strained relationships and money mismanagement.
The Law Offices of Carol Bertsch, PC, can help maintain public benefits by preparing a Supplemental Needs Trust. This way, you can leave money to a trust for the benefit of your loved one, which allows them to keep their benefits and still reap the advantages of additional money.
Keep Your Family Secure with a Supplemental Needs Trust
At The Law Offices of Carol Bertsch, PC, safeguarding the future of your loved ones is our priority. Our specialized expertise in supplemental needs trusts ensures your family member's needs are met while preserving their eligibility for essential public benefits.
With over 27 years of experience and the expertise of a Certified Elder Law Attorney (CELA) at your disposal, we're dedicated to offering tailored legal advice and solutions that address your unique circumstances. Contact us today to learn more.
Supplemental Needs Trusts We Prepare
At The Law Offices of Carol Bertsch, PC, we specialize in crafting Supplemental Needs Trusts tailored to meet the unique circumstances of our clients. Our offerings include:
- Self-Funded Special Needs Trust (aka: First-Party Supplemental Needs Trust): Established with the beneficiary's own funds, this trust is ideal for individuals under 65 who are legally disabled. The beneficiary lacks direct access to the trust funds, and upon their death, remaining funds reimburse the State of Texas for medical expenses provided during their lifetime.
- Third-Party Supplemental Needs Trust: This trust, funded by individuals other than the beneficiary, such as parents or grandparents, supports loved ones receiving public benefits. Funds are irrevocable and can be contributed at any time without age restrictions. Upon the beneficiary's demise, remaining funds are disbursed according to the grantor's wishes.
- Arc of Texas Master Pooled Trust: Managed by The Arc of Texas and approved by relevant authorities, this pooled trust offers an affordable alternative to traditional bank trusts. With low enrollment costs and minimum funding requirements, it's an attractive option for individuals under 65 seeking to fund a trust with a small inheritance or settlement.
Rely on our expertise to establish a supplemental needs trust that safeguards the financial future of your loved ones. Contact us today to learn more about our specialized trust services.
Recognizing the Importance of Supplemental Needs Trusts
Identifying the right time to consider a supplemental needs trust can be complex. Here are some scenarios that may signal the need for such a trust:
- Your loved one is under 65 and legally disabled.
- You intend to leave assets to a beneficiary receiving public benefits.
- You've received a modest inheritance or settlement and seek to safeguard it without impacting eligibility for public benefits.
If any of these situations resonate with your circumstances, it's time to connect with our experienced team at The Law Offices of Carol Bertsch, PC.
The Benefits of Professional Guidance
Opting for professional guidance from a Elder Law Attorney can profoundly impact the success of your trust. Here's why:
- We ensure meticulous preparation and filing of all necessary documents.
- Our expert advice draws from extensive experience and specialized knowledge.
- We deliver personalized solutions tailored to meet your specific needs.
Don't leave the future to chance. Contact us today to discuss your supplemental needs trust and secure peace of mind for your loved ones.
Why Choose The Law Offices of Carol Bertsch, PC?
Our dedication to clients extends beyond legal services. As volunteers for the Alzheimer's Association, we actively contribute to our community.
Our commitment is evident through involvement in the South Texas Adult Protective Services Community Board and support for Disability SA. Recognizing the urgency of legal matters, we offer expedited services and strive to respond to inquiries within one business day. For added convenience, we accommodate home visits.
Delaying the establishment of a supplemental needs trust could jeopardize your loved one's future. Contact us now to initiate the process and ensure a secure future for your family.
Connect with Us Today
Ready to take the next step? Whether you prefer to call or reach out online, The Law Offices of Carol Bertsch, PC is here to guide you through establishing a supplemental needs trust. Let us assist you in securing a brighter future for your loved ones. Get in touch with us today.
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The Law Offices of Carol Bertsch, PC
Located in San Antonio, Texas, The Law Offices of Carol Bertsch, PC specializes in long-term care planning and estate planning. Inquiries replied to within 24 hours. Call today.
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