DuPage County Special Needs Trust Attorney
Protecting Family Interests throughout Western Cook County
You worked hard to provide a nice life for you and your family. After buying a house, saving for retirement, and putting money in the bank, you want to know that you can protect the interests of your loved ones following your passing. For most families where there are individuals with special needs, a specialized trust can help to fund costly long-term care for those family members. At AvoidProbate, our DuPage special needs trust lawyer can help you fund a special needs trust to confidently address those issues and ensure the well-being of your family for years to come.
In the eyes of the law, a child is your beneficiary by birth. If they are a minor at the time of your death, their inheritance will go into a custodial account. If they are an adult, it will go to them outright. For families where there is a beneficiary with special needs, this can become a serious problem. Many individuals with special needs do not know how to spend their money wisely, and if they receive too much of an inheritance, they may have too high a net worth to receive government benefits.
The solution is to create a special needs or supplemental needs trust. Instead of the money going outright to the child, it is instead placed in a specific type of trust which does not jeopardize the child's eligibility for such aid as Social Security (SSI) or Medicaid. A special needs trust can be included as a sub-trust in a parent's/grandparent's trust, or it can be a stand-alone trust.
At AvoidProbate, we try and make these trusts as easy and affordable as possible by offering them at a low flat-fee. We also work hard to educate the client on when they are appropriate and how they should be administered. If you have a special needs beneficiary, please make sure to mention this to the attorney when you speak.
Get started now by calling (708) 367-3272.