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SPECIAL NEEDS TRUST

A Special Needs Trust is an Irrevocable Trust used when a beneficiary has disabilities which can be either physical or mental and receiving government benefits. This type of Irrevocable Trust is to preserve eligibility for an individual receiving government benefits for programs through the Social Security Administration such as the Supplemental Security Income program or Medicaid benefits. These individuals are likely to have long-term medical or support needs, and the Special Needs Trust can be a solution to supply funding to provide lifetime quality care. Special Needs Trusts are most often used when dealing with an inheritance or personal injury settlement monies.

Another feature of a Special Needs Trust is if a beneficiary lacks the legal capacity to handle their own financial affairs, funds can be administered for their benefit and prevent them from squandering or losing assets due to poor judgment or the inability to understand or comprehend their business affairs.

SPECIAL NEEDS TRUST

A Special Needs Trust is an Irrevocable Trust used when a beneficiary has disabilities which can be either physical or mental and receiving government benefits. This type of Irrevocable Trust is to preserve eligibility for an individual receiving government benefits for programs through the Social Security Administration such as the Supplemental Security Income program or Medicaid benefits. These individuals are likely to have long-term medical or support needs, and the Special Needs Trust can be a solution to supply funding to provide lifetime quality care. Special Needs Trusts are most often used when dealing with an inheritance or personal injury settlement monies.

Another feature of a Special Needs Trust is if a beneficiary lacks the legal capacity to handle their own financial affairs, funds can be administered for their benefit and prevent them from squandering or losing assets due to poor judgment or the inability to understand or comprehend their business affairs.

The information on this website is provided for informational purposes only, and should not be construed as legal advice.

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“My husband passed away with no will. I really had no idea what I needed to do. Working with Mr. Stone and Nathan was so easy. They were quick to respond to my questions and concerns, and in a language I could understand. I would highly recommend them to anyone who has found themself in my position.”

Jan Youngblood

“I sent a request thru the virtual chat and received immediate response. They have been extremely helpful, attentive and professional. I have never had to do a Will or Durable POA. They explained everything in detail and was patient with my questions. I highly recommend them.”

Dana Brill

“Stone Legal Group assisted my husband and I with our estate planning. Thy are very professional and made the process very easy by explaining all of the documents and answering all of our questions. Great group to work with and would recommend to others.”

Kristi Fothergill

“I moved to KY in 2017 from out of state, forced to embark on the process of restarting my life after experiencing several stressful life events in rapid succession. Not knowing anyone in Louisville, I relied on resources like Google to help me select various providers, including an estate planner. While I entered into many of these new arrangements with my eyes wide open, I was really taken by how easy it was to work with the Stone legal team. They provide a graceful mix of trustworthy competence and a quick compassionate grasp of the complexities of my particular situation. They listen and have worked effectively with me to achieve what appears to be an optimum solution for the successful execution of my future estate goals. I feel fortunate to have them as partners in my life.”

Robert Hume

“These guys are exceptional. I would use them again and again for all my legal needs.”

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