Rock Island Special Needs Attorneys | Special Needs Lawyers, Rock Island

Special Needs estate plans need to cover all eventualities. There are many things to consider when creating a Rock Island special needs trust for your family. In this article, our Rock Island special needs lawyers discuss some of the broad issues to be aware of when creating your special needs estate plan.

If someone in your family has a disability in Rock Island, in most instances, they are entitled to Supplemental Security Income if they have less than $2,000 in assets and earn under the amount as described by SSI guidelines.  Creating a Special Needs Trust in Rock Island will ensure that your loved one with a disability can gain assets and income without a reduction of benefits.  

Read the full article by our Rock Island special needs attorneys explaining the special needs planning process in Rock Island.

In this article, our Rock Island Special Needs attorneys discuss the use of Special Needs Trusts and ABLE accounts in your estate plan. These allow you to add a home or assets to your trust with the additional benefits of not being counted towards income or ownership from Social Security when calculating Supplemental Social Security Income.

Our Rock Island special needs attorneys examine these benefits and what Special Needs Trusts are allowed to pay for and what they can't under current rules.

‍Read the full article by our Rock Island special needs lawyers about transferring your home to your Rock Island supplemental needs trust. 

Our Rock Island special needs attorneys examine what stand-alone special needs trusts and testamentary special needs trusts can do for an estate plan and explain the differences between them. We discuss:

• What is a special needs trust?
• What is a testamentary special needs trust?
• What is a stand-alone special needs trust?
• What are the benefits of a stand-alone special needs trust versus a testamentary special needs trust? and,
• When is a testamentary special needs trust appropriate?

These types of trusts in Rock Island estate plans can be utilized for persons with a disability and allows that person to collect assets and receive income without impacting government benefits.

Read more from our Rock Island special needs attorneys on the differences between a testamentary special needs trust and a stand-alone special needs trust.

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