Many people, including lawyers, confuse two very different government programs for disabled persons. Although both are overseen by the Social Security Administration (SSA), there are some significant differences both in how the programs are funded, and to whom the money is distributed.
Social Security Disability Income (SSDI)
SSDI is a program for disabled persons. It has no [...]
When is it appropriate to choose a pooled supplemental needs trust instead of an individual special needs trust?
A pooled trust has many of the same purposes as an individual supplemental needs trust. A pooled trust is established to provide for a beneficiaries’ supplemental needs without jeopardizing the disabled person’s government benefits.
Funds that are held in [...]
When a disabled person receives a personal injury settlement, it is often a good idea to set up a Supplemental Needs Trust to receive those monies in order that any public benefits the disabled person receives not be disrupted or lost altogether.
Money received in a personal injury lawsuit are considered to belong to the disabled [...]
Choosing a trustee to manage your child’s Special or Supplemental Needs Trust is one of the most difficult decisions you will have to make. That decision alone often stops parents from taking the next step of setting up an appointment with an attorney who has expertise with drafting Special Needs Trusts.
After all, how can we, [...]
