Special Needs Trusts Lawyers in Chapel Hill Ensuring the Care of Your Loved Ones

Securing the future of your family and loved ones is always one of the most important aspects of setting up an effective estate plan. However, some families have more specific needs than others. If you have a child with special needs, you may want to explore options that can maximize the care they receive now and in the future. By contacting our law locaiton, you can learn more about special needs trusts, how they function, and how your child can get the care they deserve in order to maintain their standard of living long after you have passed away. Give our law firm a call as soon as possible to discuss all the ways a special needs trust can benefit you and your child today.

How Does a Special Needs Trust Work?

A special needs trust essentially acts as a legal instrument that reorganizes, restructures, and redistributes your assets in a way that makes your child eligible for special government benefits such as Medicaid, food stamps, and even other social security income benefits. The special needs trust does this in a way where you can have your cake and eat it too, meaning that your estate and all the assets within it can still aid your child after you have passed away without compromising the benefits they receive from the government. Our lawyers can work with you to ensure that your special needs trust is set up to maximize your assets and optimize the care your child receives.

How Beneficial is a Special Needs Trust?

Setting up a special needs trust can be game-changing for you and your family. Not only does a special needs trust allow your child to receive the benefits of governmental care and enjoy the benefits of your estate, but it can also reduce the amount of taxes and expenses you may end up paying if you do not set up a special needs trust. The biggest hurdle in creating a special needs trust is doing it alone. Enlist the help of a trusted special needs trust attorney to go through each of your concerns and address them with easy-to-understand answers. Our law firm will do whatever it takes to ensure you aren’t lost throughout the process and your trust is set up to benefit you and your child for years to come.

What Can a Lawyer Do to Help Me Create a Special Needs Trust?

You will need to appoint a trustee, as in other trusts, to ensure that the trust continues to function properly after you are no longer able to operate it, or you die. An estate planning attorney could help you choose the best trustee for your trust and also assist the trustee in administering it when the time comes. A skilled estate planning attorney may also assist you with managing the trust funds and reorganizing trust investments to guarantee that the recipient receives the best available treatment, including Medicare coverage and benefits. Ensuring the right assets are moved into a trust and maneuvering them within it can be the trickiest aspect. With years of experience handling trusts just like the one you would like to set up for your child, we understand what it takes to make sure your child continues to receive exceptional care every step of the way.

Will an Estate Planning Lawyer Help Me Make the Most Effective Special Needs Trust Possible?

Do not make the mistake of trying to create a plan on your own to maximize the benefits your child can receive and make sure you choose the right attorneys for the job. Thomas-Walters, PLLC can custom-tailor your experience to ensure your trust works best for you and your child. Handling trusts for our clients over the years has given us the experience needed to make sure your trust is solidified with your goals in mind. Call our law firm at (919) 424-8277 to schedule a free consultation.