ecause there
are rules that govern the access that the beneficiary
may have to funds owned by the trust, as well as the
amount and type of disbursements, it is imperative that
an experienced special needs planning attorney be
consulted. Many people make the mistake of asking an
attorney unfamiliar with special needs planning to do up
a trust. The result can be tragic if the attorney is
unfamiliar with the laws that govern special needs
trusts related to both their structure and use. People
may be advised to disinherit their child to avoid losing
needed benefits. Others may make a mistake in accepting
a cash settlement making them ineligible for their
medical insurance. This in turn will cause a seemingly
large settlement to be depleted in record time as it
pays out to the costs associated with needed care.
Additional pitfalls are created by rules governing
disbursements and record keeping.
Attorneys at Steinbacher&
Stahl are experienced in special
needs
planning. If your loved one was born
with a disability, or has acquired a
disability through illness or injury,
call
570-322-2077
to schedule a free consultation.
ecause there
are rules that govern the access that the beneficiary
may have to funds owned by the trust, as well as the
amount and type of disbursements, it is imperative that
an experienced special needs planning attorney be
consulted. Many people make the mistake of asking an
attorney unfamiliar with special needs planning to do up
a trust. The result can be tragic if the attorney is
unfamiliar with the laws that govern special needs
trusts related to both their structure and use. People
may be advised to disinherit their child to avoid losing
needed benefits. Others may make a mistake in accepting
a cash settlement making them ineligible for their
medical insurance. This in turn will cause a seemingly
large settlement to be depleted in record time as it
pays out to the costs associated with needed care.
Additional pitfalls are created by rules governing
disbursements and record keeping.
