Sometimes, a person in Kansas City with special needs receives government benefits such as Medicaid benefits or Supplemental Security Income. However, did you know that if a person receiving benefits comes into an inheritance, his or her ability to continue receiving benefits could be affected? There are certain income and asset requirements that an individual […]
Can a special needs trust help one obtain Medicaid?
When a person in Kansas City has a disability, they may have a very limited income, if they can work at all. When this is the case, they may rely on government benefits, such as Medicaid to pay for their medical expenses. Such benefits are often means-based. Means-based means that a person with too many […]
Supporting A Disabled Loved One With A Special Needs Trust
Parents of children with disabilities, or children whose parents have become incapable of caring for themselves, may face the very difficult decision of making sure their loved ones are taken care of should they pass away before the loved one. Estate planning is important for anyone in Kansas City, but individuals in situations like this […]
Getting help with Medicaid planning for special needs trusts
Estate planning is important for all residents of Kansas City, but especially so for those who have a beneficiary with special needs. In these situations, an estate plan needs to be carefully tailored, so that the creator’s chosen beneficiary does not lose the important government benefits they need. Many individuals with special needs receive Medicaid. […]
A primer on special needs trusts
Special needs trusts can be very effective estate planning tools. If you have a son, daughter, sibling or other relative with special needs (including physical disabilities, developmental delays or mental health conditions), there is a good chance that you are interested in leaving money for him or her as part of your estate plan. You […]
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