SPECIAL NEEDS PLANNING
The goal of Special Needs Planning is to provide for the needs of a physically or mentally disabled loved one. The most common special needs planning tool is the Special Needs Trust, which is a trust that pays for needs not covered by Medicaid, SSI or other public benefit programs.
A properly drafted and managed Special Needs Trust enables parents and other family members to provide financial support for the beneficiary without jeopardizing his or her eligibility for government benefits.
To establish a valid Special Needs Trust in Pennsylvania, there are very specific procedures that must be followed and requirements that must be met. In addition, there are special rules that apply to different types of Special Needs Trusts, depending on who creates the trust and the source of the funds transferred into the trust.
Get the Help of an Experienced Special Needs Planning Attorney
At Peak Legal Group, we have experience in all aspects of special needs planning, and we can answer your questions and walk you through the process step by step.
We will sit down with you to learn about your family’s situation and the needs of your loved one, and we will explain how the different types of special needs trusts work. If we determine that a special needs trust is appropriate for your situation, we will create a trust that satisfies the legal requirements and then help you implement the trust in a way that will best provide for the needs of your loved one.
After the trust has been established and funded, we will guide you or your chosen trustee to make sure that distributions from the trust are handled correctly, and that nothing is done that could jeopardize your loved one’s eligibility for benefits.
We know that planning for the future security of a loved one with special needs can seem overwhelming. But by taking the necessary steps, you will find peace of mind knowing that your loved one will be protected and cared for even when you are no longer around.