Self-Settled Special Needs Trust
A disabled person’s property and income can be placed in a “special needs trust” or a “supplemental needs trust” and the disabled individual will still be eligible for Social Security Income and Medicaid benefits. This type of trust is known as a Self-Settled Special Needs Trust and can be set up privately or by court order. In either case, someone other than the beneficiary must be appointed to act as trustee and manage the property. The beneficiary of the trust can receive government assistance for basic living needs, like medical care, housing, and food, while the trust pays for other (“supplemental”) needs, such as recreation and education.
A Trust Lawyer Can Help
The law surrounding Special Needs Trusts is complicated. Plus, the facts of each case are unique. For more detailed, specific information, please contact The Law Office of Richard W Hartman III at (703) 255-7005.
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Richard W. Hartman III founded The Law Office of Richard W. Hartman III, Attorney & Counselor at Law, PLLC to provide clients with honest, ethical, efficient, quality legal services.
Mr. Hartman began his career with a boutique trust and estate law firm, concentrating his practice in the administration of trusts and estates, which included the preparation of fiduciary accountings for trustees, executors and conservators. While working with that firm he also represented fiduciaries and beneficiaries alike in litigation involving challenges to the validity of wills and trusts, as well as protecting the interests of beneficiaries. Mr. Hartman also spent a considerable amount of his time with that firm assisting clients with guardianship and conservatorship matters.
Through those experiences Mr. Hartman came to desire a better way to serve clients and practice his profession. It became clear that offering his professional services directly to the general public was the best way Mr. Hartman could assist clients while maintaining the highest ethical and professional standards for himself, his work product, and his firm. This realization led Mr. Hartman to form The Law Office of Richard W. Hartman III, Attorney & Counselor at Law, PLLC.