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Special Needs Trusts
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Special Needs Trusts Attorneys in Lombard

DuPage County Estate Planning Lawyers

DuPage County Special Needs Trusts Lawyers

Every family faces unique challenges in estate planning. Choosing the right tools, selecting appropriate heirs, and preparing the necessary documents can be very confusing in any situation. When one of your intended heirs relies on government aid programs, the inheritance can potentially impact his or her continued eligibility. At A. Traub & Associates, we can help you include a special needs trust in your estate plan so that you can provide security for your loved ones without jeopardizing needed assistance.

Understanding Special Needs Trusts

Many individuals with disabilities qualify and rely upon assistance from government programs such Medicare, Medicaid, Social Security Disability Benefits, and others. A large number of these programs are based, in part, on the disabled person's financial need, and take into account his or her income and available resources. A substantial addition—or in some cases, even a small addition—of property, including a personal injury settlement or inheritance, can cause the disabled person to exceed program limits and eligibility can be terminated.

A special needs trust, sometimes called supplemental needs trust, can be set up and funded with the assets that would have gone directly to the disabled person. These funds can then be used to supplement the benefits provided by the government without affecting the person's eligibility.

Including a Special Needs Trust in Your Estate Plan

At our law firm, our experienced attorneys are equipped to help you meet all of your estate planning needs, including the creation of a special needs trust for a disabled heir. We can even help you draft your will to allow such a trust to be created if the need for it developed after your will was drafted. In addition to the completing the necessary paperwork, our team will work with you in choosing a trustee or trustees, if needed, to manage the trust on behalf of your disabled heir.

The laws that govern the creation of special needs trusts and the disbursements are very complex and can be extremely confusing. The hardworking attorneys at A. Traub & Associates can help simplify the process and allow you to focus on making important decisions about the financial security of your family.

Experienced Legal Professionals Serving Wheaton and Naperville

For more information about special needs trusts, wills, or any other estate planning tools, contact our Lombard office. We will help you explore your various options and work with you in developing a plan tailored to meet your family's unique needs. Call 630-426-0196 to schedule a consultation with A. Traub & Associates today. Our firm is proud to serve clients in Lombard, Arlington Heights, Wheaton, Naperville, Elmhurst, and throughout the surrounding areas.

Illinois State Bar Association DuPage County Bar Association Northwest Suburban Bar Association American Inns of Court DuPage Association of Woman Lawyers National Association of Woman Business Owners Illinois Association Criminal Defense Lawyers DuPage County Criminal Defense Lawyers Association
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