Schaumburg Special Needs Attorneys | Special Needs Lawyers, Schaumburg

In this article, our Schaumburg special needs attorneys discuss how Special Needs Trusts are used in planning for the care of individuals with special needs. Typically, if someone has a disability in Schaumburg, they are entitled to Supplemental Security Income if they have less than $2,000 in assets and earn under the maximum amount as described by SSI guidelines.  With the help of our Illinois special needs attorneys, you can create a Special Needs Trust to ensure that your  loved one with a disability can gain assets and income without reduction of benefits.  

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

Adding a home to a special needs trust is additional benefit when calculating Supplemental Social Security Income. In this article, our Schaumburg special needs lawyers discuss these benefits as well as what Special Needs Trusts are allowed to pay for and what they can't under current rules. Special Needs Trusts cannot pay for the expenses that SSI typically covers including utilities, mortgage payments, and groceries.

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

In this article, our Schaumburg special needs attorneys discuss the differences between stand-alone special needs trusts and testamentary special needs trusts and the benefits and disadvantages of each. We answer the questions:

• 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?

Special needs trusts are a tool that 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 Schaumburg special needs attorneys on the differences between a testamentary special needs trust and a stand-alone special needs trust.

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