Managing your finances isn’t always easy, especially when it comes to planning for a future that involves costly medical bills, nursing home care, special dietary needs, and so on. If you receive Medicaid, Supplemental Security Income, or other special funding from similar programs, you might feel comfortable with your current financial state, but it’s important to ensure you’re protected for the future.
With a first-party special needs trust, you can plan for your future and secure long-term financial stability, all while preserving your eligibility for programs like Medicaid and SSI. Depending on your financial situation and your individual needs, these trusts can help protect your assets and your eligibility. Plus, these structured trusts can help make money management significantly easier on your caretaker(s).
Why Choose Us?
If you’re interested in a first-party special needs trust, our team is here to help. We have ample experience protecting individuals in need of financial security, and we want to work with you to help ensure you have a safe and stable future. We provide free consultations, affordable money management fees, and hands-on help to ensure you’re always well-informed and confident in our work.
Understanding First-Party Special Needs Trusts
First-party special needs trusts are specifically designed to help individuals who are dealing with a disability caused by some type of injury. As opposed to third-party special needs trusts that are funded by someone other than the beneficiary, a first-party trust is funded by the person with special needs.
These trusts are dictated by state and federal laws, and they allow the injured person to move their settlement into the trust to help pay for future expenses while still maintaining the injured person’s eligibility for necessary programs. With a first-party special needs trust, someone could use the allocated funds for nursing care, medical needs, dental expenses, dietary needs, and any extra therapies or rehabilitation programs.
Unlike similar financial planning tools, a first-party special needs trust will not count against the disabled individual, which means they can still qualify for Medicaid, the State Medicaid Waiver Program, SSI, and other private care programs that base their eligibility requirements on Medicaid.
Trust Legacy Enhancement to Safeguard Your Assets
Interested in a first-party special needs trust? Our team can work with you to discover the best possible financial plan for your needs. A special needs trust can be extremely beneficial for someone who needs to remain qualified for programs like Medicaid, but also has other assets to preserve. However, there are other ways our team can manage your finances and help preserve your future security. We handle pooled special needs trusts, third-party special needs trusts, minor's trusts, structured settlements, and inheritance issues.
Professionally managed and invested trusts
Capable of handling trusts of all sizes
Your family member or client will be cared for, no matter the size of the trust.
Ability to help maintain needs-based governmental assistance
Low trust establishment costs and maintenance fees