{"id":116,"date":"2017-11-14T12:22:53","date_gmt":"2017-11-14T12:22:53","guid":{"rendered":"https:\/\/wjnlaw.com\/wills-and-probate\/probate-and-estate-administration-copy\/"},"modified":"2017-11-14T18:35:01","modified_gmt":"2017-11-14T18:35:01","slug":"special-needs-planning","status":"publish","type":"page","link":"https:\/\/wjnlaw.com\/wills-and-probate\/special-needs-planning\/","title":{"rendered":"Special Needs Planning"},"content":{"rendered":"

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Wills and Probate<\/span><\/p>\n<\/div>\n<\/div>

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Staten Island Attorney Aids Your Special Needs Planning<\/h1>\n

Creating legal entities to safeguard your vulnerable loved ones<\/h2>\n

Parents of special-needs children devote themselves commendably to their dependent loved ones, as do family members caring for disabled adults. But even as these caregivers capably manage their day-to-day tasks, they must deal with anxious thoughts about what would happen if they weren\u2019t around. Since 1997, William J. Newstad, Esq., Attorney and Counselor at Law has helped special-needs caregivers establish legal safeguards for their vulnerable loved ones, to address their needs now and in the future.<\/p>\n

Addressing special needs with Supplemental Security Income and Medicaid benefits<\/h2>\n

The Social Security Administration oversees Supplemental Security Income (SSI), which provides monthly payments to people who have low income and are age 65 or older, blind or disabled. Disabled persons may work and receive SSI, provided that their income (after deductions) does not produce resources in excess of $2,000. Disabled persons may also be eligible for benefits from other antipoverty programs, such as Medicaid and the Supplemental Nutrition Assistance Program. As your special-needs-planning attorney<\/a>, we explain the government benefits available to address your loved one\u2019s long-term care<\/a>, and help structure your assets to establish eligibility.<\/p>\n

Establishing special-needs trusts in New York and New Jersey<\/h2>\n

Special-needs caregivers face particular challenges when formulating their estate plan. You realize that your loved one requires your financial support, SSI and Medicaid to make ends meet. But if you transfer assets outright through a will, your loved one would no longer qualify for government benefits and would not have the necessary supervision of those finances. But, when you create a special-needs trust, your loved one can receive monthly stipends sufficient to address deductible expenses without losing SSI eligibility. Trusts<\/a>\u00a0can pay for:<\/p>\n\n\n\n
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  • Expenses related to their disability that Medicaid doesn\u2019t cover<\/li>\n
  • Handicapped-friendly equipment and vehicles<\/li>\n<\/ul>\n<\/td>\n
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