Special needs trusts can be crucial when you have a disabled or impaired loved one who you want to financially provide for and take care of well into the future. These powerful legal documents can be pivotal to providing for these loved ones’ ongoing medical needs while not affecting their eligibility for essential government benefits.
At JR Phillips & Associates, PC, our Centennial special needs trusts attorneys are skilled at developing comprehensive trusts that can effectively protect your loved ones with special needs after you have passed. By working with us to develop a special needs trust, you can rest assured that your disabled loved ones will be financially secure for years to come.
Benefits of Special Needs Trusts
Also referred to supplemental needs trusts, special needs trusts can specifically detail how financial assets should be distributed to your impaired loved ones so they have access to the medical care and support they need. Because these trusts are administered by trustees who are different from the beneficiaries (i.e., the disabled individuals), they will not impact the beneficiaries’ eligibility for government benefits like, for instance:
- Social security income (SSI)
- Subsidized housing
- Vocational rehabilitation.
Instead, special needs trusts can provide your disabled loved ones with additional financial support that can be used to help them pay for their vital needs that may not be covered by their government benefits. For example, the financial assistance offered by special needs trusts can be used by your disabled loved ones to cover the costs of:
- Personal care attendants like in-home nursing care
- Out-of-pocket medical and dental care
- Physical rehabilitation
- Living and transportation needs.
These supplemental needs trusts will continue supporting the disabled beneficiary as long as the trust funds are available and as long as the beneficiary’s impairments persist.
Denver Special Needs Trusts Attorneys at JR Phillips & Associates, PC
When you are ready start planning for the future of your loved ones with special needs, you can turn to the special needs trusts lawyers at JR Phillips & Associates, PC. We provide a thoughtful, comprehensive approach to our clients’ estate planning, elder law and other legal needs, and we take pride in helping each of our clients and their families find the best solutions for them. While this means that we provide personalized attention at every step of the process, it also means that our clients can rely on our Centennial trusts attorneys to always be competent, caring and professional while providing them with the highest quality of estate planning legal services at affordable rates.
Our Centennial special needs trusts lawyers are skilled at using a variety of traditional and innovative approaches to develop solutions that are perfectly tailored to our clients’ needs and objectives. Our goal is to help our clients efficiently navigate the complexities of the law so they can develop effective, prudent solutions that will protect their loved ones in the future.
Set up an initial consultation today to learn more about your options. To schedule this meeting, call us at (303) 741-2400 or email us using the contact form at the top of this page.
From our offices in Denver, we serve clients throughout the southwest and southeast Metro Area, including (but not limited to) people in Highlands Ranch, Littleton, Castle Rock, Parker, Aurora, Greenwood Village and Englewood.