Winter Haven Special Needs Trust Lawyer

A special needs trust — also known as a supplemental needs trust — allows an individual to set aside funding for a beneficiary who is mentally or physically disabled without negatively affecting financial assistance he or she may qualify for from the government such as Medicaid or Supplemental Security Income (SSI).

By creating a special needs trust instead of leaving an adult child who is mentally or physically disabled a lump sum of money in a will, the assets that are used to fund the trust are available to the benefactor but they are not owned by the benefactor.

These trusts are most often used by a parent or grandparent who wants to make sure that a disabled child or grandchild is able to maintain a certain quality of life in the event that the parent or grandparent dies.

Funds from a special needs trust are distributed by the trustee, who can be a family member or a third party whom you designate. Funds may be used for any expenditures that are not food or shelter.

You may set up a special needs trust to pay for a recipient's medical care, vocational education, entertainment, clothing or more. Often, a trustee will purchase the goods or services himself or herself in order to ensure there are no violations of how it can and cannot be spent.

Helping You Put Plans In Place That Provide Peace Of Mind

At the office of J. Kelly Kennedy, Attorney/CPA, PLLC, in Winter Haven, Florida, we help clients create special needs trusts through a will, a revocable living trust or an irrevocable living trust. State and federal rules restricting how special needs trusts can be funded and used are complicated, particularly when a beneficiary's own assets are funding the trust (such as a settlement from a personal injury claim).

If you need to set up a special needs trust, it is a good idea to seek assistance from a lawyer who has extensive experience with special needs planning. Attorney Kennedy has assisted individuals with special needs trusts and other estate planning needs since 1983. In addition to his legal experience and knowledge, he has worked as a licensed certified public accountant since 1978.

Every special needs trust is unique. We will carefully review your situation and create a trust that best serves your needs. Call 863-877-4723 or use our contact form to schedule a consultation in which we can answer your questions and recommend the best course of action.