Special Needs Trusts Attorneys in Omaha, Nebraska
Assisting Parents To Best Provide for a Child With Special Needs
Our firm understands the challenges and financial issues associated with caring for a family member with physical or mental challenges. That is why Abrahams Kaslow & Cassman LLP has developed a solid understanding of Special Needs Trusts (also called Supplemental Needs Trusts) to assist families in planning how to provide for a lifetime of legal, financial, medical and educational needs.
Our Experience Allows You To Replace Worry With Reassurance
Our experienced attorneys understand how to navigate the complex issues of governmental benefits and the importance of creating the right plan to accommodate your child's or other beneficiary's needs. Call 1-402-392-1250. Click here to e-mail Andrew P. Deaver with your questions.
The focus of estate planning often must be different when a family member has a special need. Federal law specifies that ownership of certain assets exceeding several thousand dollars in value disqualifies special needs individuals from receiving many government benefits. Therefore, an inheritance is generally considered a "countable" asset and may cause your loved one to lose government benefits such as Supplemental Security Income or Medicaid.
We know the challenges of setting up a special needs trust to provide financial support for your child without jeopardizing their eligibility for government benefits. Call us at 1-402-392-1250.
Supplemental Special Needs Trusts (SSNT)
A Supplemental Special Needs Trust can be established to hold resources provided to your child through gifts or bequests from family members or friends. The SSNT offers a reliable way of safeguarding eligibility for government benefits, while at the same time allowing for additional benefits not provided by the government.
The main benefit of a SSNT is the ability to use trust assets to give individuals with special needs "non-necessity" items that would not be available through government benefits. The trust allows funds to be used to make the beneficiary's life better by providing benefits other than the bare necessities of life. These may include activities such as vacations, sporting event tickets and items that make the beneficiary's life easier, such as a ramp or chair lift and transportation to various events or cultural institutions.
For more information about providing for a child or other family member with special needs, please click here for our informational brochure.
It is important to work with attorneys who are knowledgeable about estate planning for families with special needs. Contact Andrew P. Deaver at 1-402-392-1250 or e-mail Andrew with inquiries.