Providing Care For Children With Special Needs
Parents of children with disabilities are often frustrated by the fact that their desire to provide for their children in a will can actually do more harm than good. That’s because most government benefit programs, including Medicaid, have strict financial eligibility rules concerning savings and income. In some cases, receiving an inheritance can actually cause a child with disabilities to exceed the eligibility thresholds and therefore lose their Medicaid and SSI benefits.
At Koldin Law Center, P.C., we never want parents of children with disabilities to have to worry about whether their estate planning decisions will end up causing their child to lose government assistance. We take pride in crafting estate plans specifically designed for individuals with disabilities and special needs, making sure that they continue to receive their government benefits as well as their inheritance.
Supplemental Needs Trusts (Special Needs Trusts)
The solution we offer at our law firm is a supplemental needs trust, also known as a special needs trust. Specifically authorized by New York and federal law, this type of trust provides for individuals with disabilities in a manner that does not disqualify him or her from receiving government benefits.
At our firm, our lawyers are well-equipped to establish all types of supplemental needs trusts, specific to each client’s situation, including:
- First-party supplemental needs trusts
- Third-party supplemental needs trusts
- Testamentary supplemental needs trusts
- Sole benefit supplemental needs trusts
Compassionate And Trusted Representatives
Over more than 50 years, our law firm has developed an excellent reputation in central and western New York based on our experience and by offering unparalleled service to our clients. We treat our clients like family and offer a relaxed environment rarely found in other law firms.
When you schedule an initial consultation with one of our qualified attorneys, we will give you time to discuss your legal needs free of charge. We will never make you feel rushed or like your time is being monitored. Addressing your legal needs promptly is important to us, which is why we respond quickly after you contact our firm.
Contact Us Today
Whether you need help establishing a supplemental needs trust or another type of trust, Koldin Law Center, P.C., is here to help. For assistance in Onondaga County and surrounding areas, call our East Syracuse office at 315-314-3205.