Special Needs Planning

Dayton Special Needs Planning Lawyer

Protecting Your Loved One's Future with Special Needs Planning

Special needs planning is the process of creating a plan for a person with a disability, who may not be able to handle their own financial affairs. It is important for individuals with disabilities to have access to the resources they need to live full and independent lives. A special needs trust can be used to provide for a person's needs while preserving their eligibility for government benefits such as Medicaid and Supplemental Social Security Income. It is important to plan ahead to ensure that a person with a disability will be cared for in the future.

Arnold & Arnold, P.C. is a trusted resource for comprehensive special needs planning in Dayton, OH. To learn more about our services, call our special needs lawyer at (937) 888-2909 or contact us online.

What Is Special Needs Planning?

A special needs trust is a trust designed to provide for the beneficiary's needs while preserving eligibility for government benefits such as Medicaid and Supplemental Social Security Income. A special needs trust can be created while the beneficiary is still a minor and can be revised as the beneficiary ages. A special needs trust can also be created for an adult beneficiary with a disability. While a special needs trust is designed to help a beneficiary with a disability, it can also be used to help anyone who receives government benefits due to a physical or mental disability.

Signs That a Special Needs Trust Is Needed

Special needs planning is important for anyone who anticipates that their loved one will need to receive government benefits in the future. However, it is important to plan for special needs trusts well in advance. There are several signs that indicate when a special needs trust should be created.

Some of the most common indications that a special needs trust should be created include:

  • The individual has a physical or mental disability that is expected to last for a year or more
  • The individual has a physical or mental disability that is expected to last for a year or more, and the disability will significantly impact their ability to work
  • The individual has a physical or mental disability that is expected to last for a year or more, and the disability will significantly impact their ability to work, and the individual has reached the age of majority
  • The individual has a physical or mental disability that is expected to last for a year or more, and the disability will significantly impact their ability to work, the individual has reached the age of majority, and the individual receives government benefits
  • The individual has a physical or mental disability that is expected to last for a year or more, the disability will significantly impact their ability to work, the individual receives government benefits, and the individual has limited assets
  • The individual has a physical or mental disability that is expected to last for a year or more, the disability will significantly impact their ability to work, the individual receives government benefits, the individual has limited assets, and the individual is not eligible for government benefits

Arnold & Arnold, P.C. is a trusted resource for comprehensive special needs planning in Dayton, OH. To learn more about our services, call our special needs lawyer at (937) 888-2909 or contact us online.

How Does a Special Needs Trust Work?

A special needs trust can be created while the beneficiary is still a minor and can be revised as the beneficiary ages. A special needs trust can also be created for an adult beneficiary with a disability. The trustee of the special needs trust is responsible for managing and distributing the funds to the beneficiary. The beneficiary does not have to pay income tax on the money received from the special needs trust. However, the beneficiary must still pay taxes on any money received from the government, such as Social Security benefits.

The trustee of the special needs trust is responsible for managing and distributing the funds to the beneficiary. The beneficiary does not have to pay income tax on the money received from the special needs trust. However, the beneficiary must still pay taxes on any money received from the government, such as Social Security benefits.

Benefits of a Special Needs Trust

There are many benefits to creating a special needs trust. A special needs trust allows the beneficiary to receive the financial support they need to live a full and independent life. A special needs trust is designed to help a beneficiary with a disability, but it can also be used to help anyone who receives government benefits due to a physical or mental disability. A special needs trust can be used to help anyone who receives government benefits due to a physical or mental disability.

The benefits of a special needs trust include:

  • Protects government benefits
  • Protects government benefits for a minor beneficiary
  • Provides financial support for the beneficiary
  • Distributes funds to the beneficiary
  • Allows the beneficiary to receive needed support

Contact Our Dayton Special Needs Planning Lawyer

Empower your loved one's future with a compassionate and knowledgeable Dayton Special Needs Lawyer. At Arnold & Arnold, we understand the unique challenges faced by individuals with special needs and their families. Our experienced team will work closely with you to create a comprehensive plan that addresses financial security, healthcare, government benefits, and guardianship, ensuring your loved one receives the support they deserve. Let us navigate the complexities of special needs planning while providing peace of mind for you and your family. Schedule a consultation today and take the first step towards a brighter future.

Arnold & Arnold, P.C. is a trusted resource for comprehensive special needs planning in Dayton, OH. To learn more about our services, call our special needs lawyer at (937) 888-2909 or contact us online.

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We handle all types of serious cases. If you have been wrongfully arrested for a crime with the possibility of life in prison our attorneys can help. If you need advice of what do to with the insurance company after a horrible accident, call us.

Serious Attorneys
Serious Results

No Case Is Too big

With Antonelli and Labella, PLLC our team knows how important the outcome of your case is including how important it is to know what you can expect along the way. Through our personal approach and constant communication, you will be aware of everything needed from you in each step. Choosing the right law firm for your case is a big decision, and we are ready to help make that easier.

We handle all types of serious cases. If you have been wrongfully arrested for a crime with the possibility of life in prison our attorneys can help. If you need advice of what do to with the insurance company after a horrible accident, call us.

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