Estate Planning And Elder Law Services In Orlando And Beyond

Protect Your Assets And Family With Guidance From An Orlando Special Needs Planning Attorney

Planning for the future of a loved one with special needs requires careful consideration and a comprehensive strategy. At The Kaplan Firm, our attorneys understand the unique challenges and concerns that families with disabilities face. Our experienced team provides compassionate and knowledgeable legal guidance to help you create a secure future for your loved one through effective special needs planning in Orlando.

With a deep understanding of Florida law and the intricacies of special needs planning, our team at The Kaplan Firm is dedicated to helping you protect your loved one’s well-being and financial security. We recognize that each situation is unique and requires a personalized approach. Our attorneys take the time to listen to your concerns, understand your family dynamics and develop a plan that meets your specific needs and goals.

A special needs trust (SNT) is a valuable tool in estate planning for families with disabilities. It allows you to set aside assets for your loved one’s benefit without jeopardizing their eligibility for government assistance programs such as Supplemental Security Income (SSI) and Medicaid. These trusts offer several key benefits:

  • Preserving eligibility for benefits: A properly structured SNT ensures your loved one can continue receiving essential government benefits while benefiting from the trust’s assets.
  • Providing supplemental support: The trust can pay for a wide range of expenses not covered by government programs, enhancing your loved one’s quality of life.
  • Offering peace of mind: An SNT provides peace of mind, knowing that your loved one’s financial needs will be met now and in the future, even after you are gone.

Our lawyers at The Kaplan Firm will help you determine the needs of you and your loved one and support your next steps.

How Does A Special Needs Trust Work?

A special needs trust is created by a grantor who contributes assets to the trust. These assets are managed by a trustee who distributes funds for the beneficiary’s benefit according to the terms of the trust. The trustee must follow specific rules and regulations to ensure the trust complies with government program requirements.

One of the primary advantages of an SNT is its ability to provide supplemental support without affecting government benefits. The trust can pay for expenses such as:

  • Medical and dental care not covered by insurance
  • Specialized therapies and equipment
  • Education and vocational training
  • Recreation and entertainment
  • Home modifications and assistive technology

A special needs trust is valuable for families with disabilities. It can help protect your loved one’s financial future and ensure they receive the support they need to live a fulfilling life.

What Can A Special Needs Trust Pay For?

A special needs trust offers flexibility in how funds are used to benefit the beneficiary. While it cannot be used for basic living expenses covered by government programs, it can pay for a wide range of supplemental needs and enhance the beneficiary’s quality of life.

To ensure the SNT works effectively with SSI, it’s crucial to structure it correctly and adhere to specific guidelines. Our experienced attorneys can help you navigate these complexities and create a trust that maximizes benefits for your loved one.

By protecting assets and providing supplemental support, a special needs trust offers peace of mind and helps ensure that your loved one with disabilities can live a fulfilling life. We can also provide skilled support for other guardian advocacy concerns.

Your Questions About Special Needs Trusts, Answered

Planning for a loved one with special needs often raises many questions. Here are answers to some of the most common inquiries we receive:

What is a special needs trust, and how does it benefit my child?

A special needs trust is a legal tool that allows you to set aside assets for your child with disabilities without affecting their eligibility for government benefits. It provides supplemental support and financial security.

How do I plan for my child’s future care and well-being after I’m gone?

Creating a special needs trust is crucial in planning for your child’s future. You should also consider guardianship, long-term care insurance and other legal and financial tools.

What are the differences between a special needs trust and a regular trust?

A special needs trust has specific provisions to ensure it does not disqualify the beneficiary from government benefits. It also has limitations on how funds can be used.

Ready To Discuss Special Needs Planning In Orlando?

At The Kaplan Firm, our attorneys are committed to providing compassionate and effective legal representation to families with special needs. Our Orlando-based team serves clients throughout Central Florida, including Orange County, Seminole County and Osceola County. If you need assistance with special needs planning or have questions about protecting your loved one’s future, we invite you to contact us at 407-863-6175 or contact us online to schedule an appointment.