Supplemental Needs Trusts
The purpose of a Supplemental Needs Trust, a/k/a, Special Needs Trust or SNT, is to preserve public benefits received by a person with disabilities.
At Angiuli & Gentile, LLP, if a person is receiving governmental benefits under any “means-based programs”, i.e., where there may be limits to their assets and/or income, we can create the appropriate SNT to enable him or her to continue to receive benefits despite having assets or income that would otherwise put the person over these limits.
Is A Supplemental Needs Trust Right For You?
SNTs are often required not only for senior citizens who are receiving Medicaid benefits, but also for disabled person of any age who may be recipients of public benefits in addition to Medicaid, including, but not limited to SSI Section 8 Housing and a variety of other state and federal disability benefits.
Using An SNT For Personal Injury Settlements, Inheritances And More
People receiving disability benefits that are dependent on income and/or asset levels might suddenly risk losing such benefits if they are expecting to receive funds from sources such as an inheritance or a personal injury settlement, or even child support payments.
Establish A Supplemental Needs Trust In Staten Island
It is critical for such a person to meet with an attorney who specializes in elder law and disability benefits law. At Angiuli & Gentile, LLP, our experienced attorneys can guide you through this process and take the steps necessary to protect your eligibility for benefits without having to forfeit the funds due to you. Contact us today to arrange a consultation.