What Is A Special Needs Trust?

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WHAT IS A
SPECIAL NEEDS TRUST?
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Estate Planning Devices
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• ESTATE PLANNING is
• not a one-size-fits-all endeavor

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There are different legal devices that are
utilized depending on the circumstances
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Consider the Recipient
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• When you are planning your estate, you should
  consider the life situation of each individual
  inheritor

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The best way to arrange for future asset
transfers may differ from person to person
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Special Needs Planning
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• You may have someone
• with a disability in your family

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People with disabilities often rely on
government benefits like Medicaid and
Supplemental Security Income
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Need-Based Programs
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• Medicaid and SSI
• are need-based programs

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You cannot qualify if your resources exceed the
upper asset limits
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More Harm Than Good?
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• If you leave a direct inheritance
• to someone who is receiving
• need-based government benefits,
• you could be doing
• more harm than good

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The influx of resources could render the
inheritor ineligible for need-based benefits
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Special Needs Trusts
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• You could leave someone with a disability an
  inheritance by making this individual the
  beneficiary of a SPECIAL NEEDS TRUST

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Assets conveyed into the trust can be used by the
trustee to improve the quality of life of the
beneficiary
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These expenditures do not impact government
benefit eligibility
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FREE Indianapolis Special Needs Planning
Consultation
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If you have someone with a disability on your
inheritance list, contact our firm to schedule a
free special needs planning consultation
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Frank Kraft [phone] FrankKraft.com