Estate Planning & Probate Lawyer, Fort Lauderdale, FL

Fort Lauderdale Special Needs Trust Lawyer with Compassion

Trusts help protect loved ones no matter what the future holds

Caring for a loved one with special needs can be overwhelming emotionally and financially. They may rely on government benefits like SSI and Medicaid, but these programs have strict limits. An inheritance or settlement could jeopardize their eligibility. That's where a special needs trust comes in, ensuring they're supported while safeguarding their benefits. When done right, special needs trusts can provide benefits like:

  • Asset protection from some taxes and creditors
  • Long-term financial stability for dependent loved ones
  • Personal peace of mind

Our compassionate special needs trust attorney Geoff Levy is here to help you navigate this complex terrain. The Levy Firm PLLC in Fort Lauderdale can walk you through the process in a way that's easy to understand, offering guidance tailored to your family's unique situation. Contact us for a free consultation.

What can a special needs trust do?

A trust is a legal arrangement where a person (the grantor) entrusts their assets to a trustee, who manages them for the benefit of one or more beneficiaries according to the terms specified in the trust document. Special needs trusts provide financial support for important expenses the government may not pay for such as:

  • Some Medications
  • “Non-Essential” Medical Care
  • Comfort Services
  • Companionship
  • Entertainment
  • Electronic Equipment
  • Personal Care Services and More

Types of special needs trusts in Florida

SNTs are usually set up by the beneficiary or their family to manage inheritances while maintaining government benefits, though assets may transfer to the state upon the beneficiary's passing. Specific types of SNTs include:

  • Pooled Trusts, managed by nonprofit organizations, allow individuals with special needs to pool their resources for investment. Each beneficiary maintains a separate account, ensuring individual management while benefiting from shared investment strategies.
  • Sole Benefit Trusts cater specifically to the supplemental needs of individuals with special needs, preserving government benefits.
  • Qualified Income Trusts, or "Miller Trusts," help individuals qualify for Medicaid long-term care by channeling excess income into the trust.
  • Elective Share Special Needs Trusts protect assets for surviving spouses while considering public benefit eligibility.
  • Testamentary Special Needs Trusts, established through wills, provide efficient posthumous support for special needs dependents.

At The Levy Firm PLLC, we understand how to guide people through Florida’s complex and stressful estate planning process. That's why we promise to stand by your side, to listen carefully, and to provide clear, straightforward advice at every step. We are committed to drafting customized estate plans that leverage your best legal options and protect your loved ones.

Ensure you protect what matters most – contact Geoff today

In Florida, special needs trusts are essential for individuals seeking to secure long-term care or assistance for loved ones with special needs. Your loved one's future is too important to leave to chance. You should consider special needs planning and trusts if you support dependents like:

  • Minor Children
  • Disabled Loved Ones
  • Spouse In Nursing Home
  • Beneficiaries Receiving Government Assistance

For personalized guidance you can trust, contact The Levy Firm PLLC, a trusted Fort Lauderdale estate planning law firm specializing in wills, trusts, and probate. Secure the financial future of your loved ones and contact Geoff today.

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Free Consultation. Contact Us Today.

If protecting your legacy and the financial security of your loved ones is a concern of yours, it’s a concern of ours. Let’s talk. Our law firm provides legal services in English and Spanish. Free consultations for new clients.

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