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If you or a loved one are receiving benefits based on a disability, our Peoria special needs attorneys will assist you in preparing a Supplemental Needs Trust to ensure you can earn an income, receive gifts and inheritances, and accumulate assets without putting your benefits at risk. Our Peoria special needs attorneys are experienced and can help you or a loved one plan for the future.
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Please contact our friendly lawyers to Schedule a Consultation.
The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us.
Schedule a ConsultationLearn More About The FirmI am personally committed to ensuring that each one of our clients receives the highest level of client service from our team. Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys. Many of our clients are going through difficult times in their lives when they reach out to us. They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates. We are here to help!
In this article, our Peoria special needs attorneys discuss how Special Needs Trusts are used in planning for the care of individuals with special needs.
Someone with a disability in Peoria is typically entitled to Supplemental Security Income if they have less than $2,000 in assets and earns under the maximum amount as described by SSI guidelines. With the help of our Peoria special needs attorneys and the creation of a Special Needs Trust, your loved ones can ensure you gain assets and income without reduction of benefits.
In this article, our Peoria special needs attorneys discuss the process of adding a home to a Special Needs Trust and the benefits from not counting it as an asset when calculating Supplemental Security Income. We explain the types of items that Special Needs Trust are allowed to pay for and what isn't allowed under the rules. SSI can be used to pay for groceries, shelter, utilities and mortgage payments, so in effect, money from a trust cannot be used for these.
Our friendly Peoria special needs attorneys can work with you and your family to establish a Supplemental Needs Trust, also known as a Special Needs Trust, to allow you or a disabled loved one to accumulate assets, own property, earn an income, and receive gifts and inheritances without reducing or jeopardizing his or her government benefits.
If you or a family member is receiving government benefits based on a disability, you are probably aware that there are limits to a number of assets you can own as well as to the amount of monthly income you can receive without reducing your benefits.
However, this does not mean that you need to live below the poverty line in order to continue to receive government benefits. A Special Needs Trust can allow you or your loved ones to maintain a decent standard of living without reducing your benefits.
Read more from Peoria special needs attorneys about Special Needs Trusts.
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