Richmond Special Needs Trusts Lawyer
Planning for the Future of a Child With Special Needs
The parents of a child with special needs have specific concerns when planning for the future of their disabled or mentally ill child. Parents want to be assured that their child's financial needs will be met after they are gone.
Receiving an inheritance may compromise the ability for a child with special needs to receive government benefits. However, through a special needs trust, parents and other family members can designate money to a family member with special needs without affecting his or her ability to receive Supplemental Security Income (SSI), Medicaid and other public benefits.
The Virginia law firm of Parker, Pollard, Wilton & Peaden P.C. represents clients seeking to establish a special needs trust. To learn more about protecting the benefits of a child with special needs, contact a Richmond special needs trust attorney today.
What Is a Special Needs Trust?
A special needs trust is a type of trust that is created to ensure that disabled or mentally ill beneficiaries can receive inheritance without compromising their government benefits.
Experienced Elder Law Attorneys
Attorney Paula Peaden has established a strong local and statewide reputation for her work in elder law and planning for disabled children. She is a member of and past president of the National Academy of Elder Law Attorneys.
Our firm is highly knowledgeable in the various ways to protect the personal and financial interests of a child with special needs and his or her family. We also help clients establish a payback trust, which also protects an individual's eligibility for certain government benefits, and still allows him or her to contribute to the trust.
Contact an Richmond Trust Administration Attorney
To schedule an informative consultation with a lawyer who can explain the value of establishing a special needs trust and other estate planning actions that may protect a family member with special needs, contact us by calling 804-262-3600.