In this article, our Rockford 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 Rockford is typically entitled to Supplemental Security Income (SSI) 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 Rockford special needs attorneys and the creation of a Special Needs Trust, your loved ones can ensure you gain assets and income without any reduction of benefits.

Read the full article by our Rockford special needs attorneys explaining the special needs planning process.

In this article, our Rockford 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 (SSI).

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. 

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

Our friendly Rockford 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 their government benefits. 

In this article, we explain the primary differences between a First Party and Third Part Special Needs Trust. In short, while a first party trust is funded by assets owned by the beneficiary, a third party trust is created and funded by family members who leave property through their estate plan. We also explain factors you should consider under Illinois law for setting up a First Party or Third Party Special Needs Trust.

Read more from our Rockford special needs attorneys about First Party and Third Party Special Needs Trusts.