Securing the Future: Special Needs Trusts in Raleigh, NC
Protect Those Who Need It Most: Special Needs Trust
At NC Wills and Trusts, we understand the unique challenges faced by families with loved ones who have special needs. Planning for their long-term care and financial security is paramount. A Special Needs Trust (SNT) can be a powerful tool to ensure your loved one receives the necessary support while maintaining their eligibility for essential government benefits like Medicaid and Supplemental Security Income (SSI).
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Schedule a consultation with one of our attorneys to discuss your estate planning needs.
What is a Special Needs Trust?
Special Needs Trust in Raleigh, Wake Forest, Rolesville, The Triangle, And All of North Carolina
- A Special Needs Trust is a legal arrangement that holds assets for the benefit of an individual with disabilities without jeopardizing their access to public benefits. It allows you to provide supplemental support for your loved one's needs, such as:
- Medical expenses not covered by insurance
- Therapy and rehabilitation
- Education and training
- Recreation and travel
- Personal care and support services
Why Create a Special Needs Trust?
- Preserve Government Benefits: A properly drafted SNT ensures that trust assets are not counted towards Medicaid or SSI eligibility.
- Provide Supplemental Care: The trust can fund expenses that are not covered by government programs, enhancing your loved one's quality of life.
- Ensure Long-Term Security: An SNT provides peace of mind, knowing that your loved one's needs will be met even after you're gone.
- Protect Assets: An SNT can shield assets from creditors and potential mismanagement.
- Guardianship Alternative: When properly created, it can assist in avoiding some of the complexities of a full guardianship proceeding.
Who Needs a Special Needs Trust?
Families in Raleigh, NC, and the surrounding areas who have a loved one with:
- Physical disabilities
- Intellectual disabilities
- Mental health conditions
- Chronic illnesses
How NC Wills and Trusts Can Help
Our experienced trust attorneys at NC Wills and Trusts can guide you through the process of creating a Special Needs Trust that meets your family's unique needs. We will:
- Explain the details of a SNT and help you choose the right one.
- Draft a comprehensive trust document that complies with all applicable laws and regulations.
- Advise you on how to fund the trust and manage its assets.
- Help you navigate the complexities of Medicaid and SSI eligibility.
Our Services Include:
- Special Needs Trust Creation: We handle all aspects of trust formation, ensuring your loved one's future is secure.
- Estate Planning for Families with Special Needs: We create comprehensive estate plans that address the unique needs of your family.
- Medicaid Planning: We help you understand and navigate the complexities of Medicaid eligibility.
- Guardianship Alternatives: We explore options that can help avoid the need for full guardianship.
- Wills & Trusts: We provide comprehensive wills and trusts services, including will preparation and trust administration.
Serving Wake Forest, NC, and the Triangle Area
We are committed to providing compassionate and knowledgeable legal services to families in Wake Forest, NC, and surrounding communities. If you're looking for a trust attorney to help you create a Special Needs Trust, contact NC Wills and Trusts today.