Many individuals with special needs rely on government benefits like Supplemental Security Income (SSI) and Medi-Cal. These programs have strict income and asset limits. If your loved one receives an inheritance, it could immediately push them over these limits. The result? They lose their essential benefits. The money you intended to help them now forces them to “spend down” their inheritance just to requalify. It’s a heartbreaking and entirely avoidable situation. This is precisely the problem a Special Needs Trust solves.
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JANUARY, 2010 ELDER LAW TODAY NEWSLETTER
VA BENEFITS MAY COVER THE COST OF AN ASSITED LIVING FACILITY OR IN HOME CARE www.WalnutCreekElderLaw.com. As we discussed in previous Elder Law Today newsletters, the Veteran’s Administration provides a wonderful pension benefit for those individuals who served at least one day during a period of wartime and are now disabled due to non-service connected […]