What is a Supplemental Needs Trust in New Jersey?

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WHAT IS A SUPPLEMENTAL NEEDS TRUST IN NEW JERSEY?
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Families Are Unique
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When you are planning your estate you should
seek out personalized attention
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Your family is unique!
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There is no ONE-SIZE-FITS-ALL estate plan
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People With Special Needs
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You may have a loved one with special needs
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When you want to leave someone with special needs
an inheritance, you should tread lightly
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Government Benefits
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Many people with disabilities rely heavily on
government benefits
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Medicaid may be paying for very expensive
treatment and care
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Need-Based Programs
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Government programs such as Medicaid and
Supplemental Security Income are need-based
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A significant inheritance could result in a loss
of eligibility
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Supplemental Needs Trusts
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If you wanted to set aside assets for a loved
one who is receiving government benefits, you
could make this individual the beneficiary of a
supplemental needs trust
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Improved Quality of Life
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The trustee can use assets that have been
conveyed into the trust to improve the quality
of life of the beneficiary
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The nature of these expenditures are allowed
under Medicaid rules
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Benefit eligibility would not be jeopardized
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Free Special Needs Planning Consultation
Central New Jersey Estate Planning Consultation
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You must take measured steps if you want to
include someone with a disability in your estate
plan
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We invite you to contact our firm if you would
like to discuss special needs planning with a
licensed attorney
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