Providing Sound and Experienced Legal Counsel to Assist in Establishing Special Needs Trusts
If you have a disabled child or family member receiving public benefits, or who will be eligible to receive benefits in the future, you should consider speaking with a lawyer to create a Special Needs Trust as part of your estate plan. Attorney Philip John Gold has experience helping families and individuals plan for taking care of disabled family members and those with special needs.
Why Form a Special Needs Trust?
There are limitations on cash resources and income for disabled individuals who qualify for SSI and Medi-Cal benefits. Typically, an individual will be forced to liquidate or spend down those assets in order to use those programs. However, a Special Needs Trust created by a third party (a parent, relative, or friend) does not disqualify the recipient from receiving benefits.
In addition, in the event your disabled loved one receives funds from a settlement, an inheritance or some other source, there are provisions to petition the court to establish a special needs trust to provide for your loved one and still not disqualify the disabled person from public benefits.
Creating a Special Needs Trust
A Special Needs Trust can be incorporated within your estate plan so that it is created upon the death of both parents or upon the death of a surviving parent or relative, or an Irrevocable Trust can be established during a parent's or relative's lifetime for the benefit of the disabled person.
Philip John Gold has many years of experience in creating special needs trusts and assisting family members in providing for their disabled loved ones while still making sure that public benefits are available to the disabled person.
Experienced Legal Counsel in Southern California
We will meet with you at no obligation or cost and explain the choices available to you based on your individual family and financial situation and assist you in your estate planning and trust administration to protect all of your family members with special attention to protect your disabled family member.
Call Today for a Free Initial Consultation
Contact Philip John Gold, Attorney at Law, for a free initial consultation. Our toll-free phone number is 888-763-3296 or you can reach us by e-mail. We have been serving clients in Newport Beach, Orange County, and surrounding areas of Southern California for more than 30 years.
