Category Archives: Special Needs Trusts

For victims of personal injury, our law firm provides assistance in the creation of special needs trusts to ensure victims’ access to benefits.

How Do Special Needs Trusts Help Injury Victims?

Why should a personal injury victim think about a special needs trust? Special needs trusts are tools to help injury victims preserve certain government benefits, like Medicaid and Supplemental Security Income (SSI). Programs like these have caps on the amount of income and assets a person can have before losing eligibility. For someone to qualify for SSI, that person cannot take in more than $735 per month, or that person loses benefits (this number changes every year). So, if a person on SSI receives significant assets through a personal injury settlement, that person risks losing access to those essential SSI benefits because the settlement exceeds the $735 cap. That’s where the special needs trust comes in. If a special needs trust is properly structured, the assets held within that trust are not counted toward the caps that would ruin a person’s eligibility for benefits. The funds inside a special needs…
Read More »

Posted in Special Needs Trusts | Tagged | Comments Off on How Do Special Needs Trusts Help Injury Victims?