Why You Need to Hire a Special Needs Lawyer in NJ When Creating a Special Needs Trust

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Title Why You Need to Hire a Special Needs
Lawyer in NJ When Creating a Special Needs
Trust A sibling reports that her brother has down
syndrome, a developmental disability, lives in a
group home, and is currently working in a
low-paying job. Their parents are deceased and
never set up anything to help the son
financially. The sister wants to help him but
does not know how. For more information click
here. child custody attorneys near me, estate
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The above referenced scenario is how many
consultations about special needs trusts begin
when a special needs lawyer in NJ meets with a
client for the first time. A close family member
meets with a special needs lawyer and seeks
advice on how to help the disabled family member
financially. Oftentimes, individuals like the
sister mentioned above have never heard of the
term special needs trust, but it is a special
needs trust that the brother needs. For more
information click here. estate planning attorney
new jersey, estate planning lawyer NJ Eligibility
for Programs that Assist Disabled People is Based
on Income Many programs for disabled people limit
eligibility based on income, resources, or both.
The types of government programs are SSI,
Medicaid, housing aid, group homes, and other
programs for people with developmental
disabilities and mental illness. The first
consideration for the sister is to make sure that
whatever financial assistance she provides her
brother will not negatively affect the benefits
he already receives. In the example cited above,
that is housing. For more information click here.
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Probate Lawyers Means Tested Benefits People with
disabilities often receive means-tested benefits.
Those benefits include supplemental security
income (SSI), a monthly cash benefit, and
Medicaid. The group home housing benefit of room
and board is often paid by Medicaid, a health
insurance program for individuals with modest
means. To remain eligible for these benefits the
disabled person is limited in the income he or
she can earn and assets own. For more
information click here. special needs lawyers nj,
Special Needs Lawyers Near Me Enter a Special
Needs Trust A special needs trust allows a
disabled person, called a beneficiary, to use and
enjoy property that is held in trust for his or
her benefit and be able to receive need-based
government benefits, like Social Security,
Supplemental Security Income, Medicare, or
Medicaid to assist in his or her overall care.
For more information click here. Adoption
Attorney near me, Alimony Lawyers near me The job
of the trustee, the person who administers the
special needs trust, is to use trust funds to
support the beneficiary without jeopardizing
government benefits. The trustee also has to pay
taxes,
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keep records, invest trust property, and make
sure that the beneficiarys needs are being
addressed. For more information click here.
Medicaid Planning Attorney near me, medicaid
planning attorney nj The special needs trust is
created with property like real estate, money, or
tangible items. To qualify as a special needs
trust, the trust itself must be irrevocable,
meaning that it exists forever or until the funds
are depleted. The funds are used for the benefit
of the beneficiary and do not affect means-tested
benefits. For more information click here.
medicaid attorney NJ, medicaid attorney near
me How to Set Up a Special Needs Trust in New
Jersey Assemble a team that includes special
needs lawyers in NJ when creating a special needs
trust and make sure you involve all interested
family members. Any error, even if inadvertent,
can immediately affect eligibility requirements
of a beneficiary. Contact a special needs lawyer
at the Giro Law Firm for advice and counsel in
drafting and/or administrating a special needs
trust. Request a consultation today to learn how
the Giro Law Firm can help your loved one plan
for medical and financial security. For more
information click here. medicaid lawyers near me,
Divorce Lawyer near me The Giro Law Firm is a
New Jersey and New York law firm located in
Hackensack, NJ that handles a wide range of
legal matters that affect the elderly and
disabled populations, including retirement,
guardianship, health care, long term care
planning, Social Security, Medicare/Medicaid,
and others. To request a consultation, click here
or call [phone]. For more information
click here. Divorce Attorney new jersey, Veterans
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