Pluto Legal, PLLC

Description

You should avoid transferring assets directly to your disabled loved one, as this may disqualify him or her from receiving government benefits. An inheritance from another family member can have the same effect. Pluto Legal can help you form a Supplemental Needs Trust to provide for the future needs of your loved one.

If you have a loved one with special needs receiving government benefits, there are specific rules that have to be followed to provide for them after you are gone and yet allow them to maintain those benefits. Establishing a Supplemental Needs Trust for your loved one will ensure that they will always be cared for, but not at the expense of losing their government benefits. A Supplemental Needs Trust appoints someone as the Trustee over any assets that you leave for the benefit of your special needs loved one, and the Trust instructs your Trustee as to how you want your loved one to be provided for. Supplemental Needs Trust funds are commonly used to pay for vacations, home furnishings, out-of-pocket medical and dental expenses, education, recreation, and vehicles. The Supplemental Needs Trust can provide peace of mind, knowing that you will be providing for your loved one even when you are gone.

A Medical Assistance waiver program providing home and community-based services for individuals 65 or older needing nursing home level of care to enable them to stay in the community.

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