Pittsburgh Special Needs Trust Lawyer
Protecting Your Loved Ones in the Pittsburgh Area
Parents of special needs children understand how challenging it can be to provide proper care for their loved ones. This becomes especially tough once parents get older and need care themselves. If you have a child with special needs who may soon be on their own, a special needs trust can provide them safe, tax-free funds to get the supervision and care they need to sustain a high quality of life. At the Law Office of Jennifer O. Price, we can help you properly plan and establish a trust for your loved one.
Call (724) 269-2966 now for a free consultation about your situation. You can also contact the Law Office of Jennifer O. Price online.
Providing for Them When You No Longer Can
Individuals with special needs often require more oversight than most people, and these needs don’t change once they reach adulthood. Some parents think it is enough to just put money in a savings account so their children can access the funds they need later. Unfortunately, a regular bank account is not safe from being taxed, meaning that much of that money could be taken during probate following a parent’s death.
While gifting cash may also seem like a good solution, having too much cash on hand could disqualify your special needs child from being eligible to collect SSI and Medicaid. With a trust in place, that money can go into a special fund designated for the care they need.
A special needs trust offers protection for funds allocated for:
- Personal care attendants
- Out-of-pocket medical expenses
- Physical therapy and rehabilitation
- Home furnishings
More Control for Your Loved One
A special needs trust makes it possible for a person to make choices about how their money will be spent. If they are unable to reliably make decisions for themselves, you can appoint someone to assist them with those kinds of matters. With an experienced Pittsburgh special needs trust lawyer helping you through the process, you can feel more confident about the success of your loved one’s future.
Call (724) 269-2966 now to get started.