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Special Needs Trusts In Central Florida

If you are the parent of a disabled son or daughter, you need a way of making sure they will always have the resources to live as comfortably as possible. You will not always be around to take care of them, but you can still ensure they will be taken care of after you pass away or become unable to care for them anymore.

What Is A Special Needs Trust?

A special needs trust could be the answer. Also known as a Supplemental Needs Trust, this type of estate planning trust is used to provide for the needs of handicapped heirs. At the Law Offices of Mitchell A. Sherman, Esq., I have been helping clients in Central Florida and the Tampa Bay area prepare for the financial needs of their disabled loved ones since 1992. I will work closely with you to create a trust that helps your family member qualify for Medicaid, Supplemental Security Income and other necessary programs without having to give up the lifestyle you provided for them during your lifetime.

Like other trusts, a Supplemental Needs Trust involves placing valuable assets like a bank account or investments into trust for the benefit of another person, who is called the beneficiary. In this case, the beneficiary is someone with a disability severe enough that they cannot earn enough income to support themselves. By putting the assets into trust instead of giving them directly to your loved one, you help them avoid the financial cutoffs that many public programs like SSI and Medicaid have. At the same time, a special needs trust helps you prevent your disabled loved one from having to go into poverty just to qualify for public assistance.

Setting up and funding a special needs trust can be complicated. I will guide you through the process so that your trust is correct and done according to your particular needs. With my help, you can feel confident that incapacity will not stop your child, spouse or other disabled relative from having a safe and fulfilling life.

Get The Help That Your Family Deserves

I am pleased to offer free virtual consultations to anyone curious about how special needs trusts work in Florida. Please call me at 727-616-0365 or send an email to schedule an appointment.