Special Needs Trust

Tailored Special Needs Trusts to Secure Your Loved One’s Future

Managing a Special Needs Trust requires specialized knowledge to ensure that individuals with disabilities or special needs are supported financially while maintaining their eligibility for government benefits. At Acton Care Management, we understand the complexities involved in protecting your loved one’s future.

Our goal is to help families create and manage special needs trusts that provide long-term care and financial security without jeopardizing access to essential resources such as Medicaid or Supplemental Security Income (SSI). With a focus on both legal compliance and personalized care, we ensure your loved one’s future is safeguarded.

2. Key Services:

Asset Management: Overseeing and protecting trust assets, ensuring they are used in the best interest of the beneficiary while complying with legal guidelines to maintain eligibility for benefits.

Benefit Preservation: Ensuring that trust distributions are managed in a way that does not compromise eligibility for government benefits like Medicaid, SSI, and other public assistance programs.

Trust Distribution Planning: Carefully planning trust distributions to cover the beneficiary’s needs—such as housing, medical care, and education—without affecting their ability to receive public benefits.

Legal Compliance & Reporting: Keeping the trust compliant with state and federal regulations, ensuring proper reporting and administration to avoid any legal complications.

Family & Beneficiary Communication: Maintaining clear and consistent communication with families to ensure the trust aligns with the evolving needs of the beneficiary, providing peace of mind to all involved.

Our Special Needs Trusts services are designed to give you peace of mind that your loved one will be financially secure and supported for years to come. From asset management to benefit preservation, our team is here to guide you every step of the way.

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Reach out today to learn how we can support your family and protect your loved one’s financial future.

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Frequently Asked Questions

If you can't find the answer to your question in our FAQ section, feel free to reach out to us at lindsey@actoncaremanagement.com. We're happy to assist!

What is a Special Needs Trust, and why is it important?

A Special Needs Trust allows individuals with disabilities to receive financial support while maintaining their eligibility for public benefits like Medicaid and SSI. These trusts are designed to provide for the individual’s needs without affecting their access to essential government programs.

If you’re unsure how a Special Needs Trust could benefit your family, we can provide more information on how it works and how it can protect your loved one’s future.

How does a Special Needs Trust protect eligibility for benefits?

Special Needs Trusts are structured in a way that funds are not counted as part of the beneficiary’s assets, thus allowing them to continue receiving public benefits. However, it’s important that distributions from the trust are carefully managed to avoid triggering disqualification.

If you’re concerned about maintaining benefit eligibility, we’re here to guide you through the process and ensure compliance with all regulations.

What can funds in a Special Needs Trust be used for?

Funds from a Special Needs Trust can be used to cover a wide range of expenses such as medical care, education, housing, transportation, and other quality-of-life needs. However, they cannot be used for basic needs covered by public benefits, such as food or shelter, without risking benefit disqualification.

If you’d like more clarity on permissible uses for trust funds, we’re happy to discuss how we can tailor the trust to meet your loved one’s specific needs.

Who manages the Special Needs Trust?

A trustee, either a professional fiduciary or a family member, is appointed to manage the trust. The trustee is responsible for ensuring the trust is administered according to its terms, complying with legal regulations, and ensuring that the beneficiary’s needs are met without jeopardizing benefits.

If you’re considering setting up a trust and need help managing it, we can provide the expertise you need to ensure the trust is administered properly.

What happens if a Special Needs Trust isn’t managed correctly?

If the trust isn’t managed according to legal requirements, the beneficiary risks losing eligibility for public benefits, potentially incurring tax penalties, and depleting funds meant for their care.

If you’re concerned about trust management, we’re here to ensure compliance and protect your loved one’s financial future.

Special Needs Trust

Tailored Special Needs Trusts to Secure Your Loved One’s Future

2. Key Services:

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Frequently Asked Questions

Protect your loved one’s future with a Special Needs Trust tailored to their unique needs.

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