What is a Supplemental Needs Trust in New Jersey? - PowerPoint PPT Presentation

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What is a Supplemental Needs Trust in New Jersey?

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Title: What is a Supplemental Needs Trust in New Jersey?


1
WHAT IS A SUPPLEMENTAL NEEDS TRUST IN NEW JERSEY?
2
Families Are Unique
3
When you are planning your estate you should
seek out personalized attention
4
Your family is unique!
5
There is no ONE-SIZE-FITS-ALL estate plan
6
People With Special Needs
7
You may have a loved one with special needs
8
When you want to leave someone with special needs
an inheritance, you should tread lightly
9
Government Benefits
10
Many people with disabilities rely heavily on
government benefits
11
Medicaid may be paying for very expensive
treatment and care
12
Need-Based Programs
13
Government programs such as Medicaid and
Supplemental Security Income are need-based
14
A significant inheritance could result in a loss
of eligibility
15
Supplemental Needs Trusts
16
If you wanted to set aside assets for a loved
one who is receiving government benefits, you
could make this individual the beneficiary of a
supplemental needs trust
17
Improved Quality of Life
18
The trustee can use assets that have been
conveyed into the trust to improve the quality
of life of the beneficiary
19
The nature of these expenditures are allowed
under Medicaid rules
20
Benefit eligibility would not be jeopardized
21
Free Special Needs Planning Consultation
Central New Jersey Estate Planning Consultation
22
You must take measured steps if you want to
include someone with a disability in your estate
plan
23
We invite you to contact our firm if you would
like to discuss special needs planning with a
licensed attorney
24
  • Click to visit AugulisLawFirm.com
  • (908) 222-8803
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