Numerous Americans rely on government benefits to survive. Any inheritance can jeopardize your loved one’s Supplemental Security Income or Medicaid benefits.
Our San Luis Obispo special needs trust attorneys can help you avoid losing benefits. Contact the Law Offices of Andrew Cohen today and schedule a free consultation by clicking here or calling 661-481-0100.
Attorney Andrew Cohen is unique in his field, coming from an extensive background of various industries. As a family man himself, he recognizes the need to protect and take care of loved ones.
At the Law Offices of Andrew Cohen, our dedicated legal team:
Call our San Luis Obispo special needs trust attorney today. We will help you stay on track to protect the financial assistance you need.
Transferring assets to a loved one who collects government assistance will disqualify them from future benefits. However, the Law Offices of Andrew Cohen have a few strategies they can employ to protect both your assets and their eligibility.
A special needs trust, or supplemental needs trust, allows you to leave property directly to your loved one. When a person is chronically ill or physically or mentally disabled, the trust will provide a source of income without jeopardizing their benefits.
According to the Centers for Disease Control and Prevention (CDC), over 61 million Americans currently live with a disability:
If you have a loved one with a disability, there are three types of special needs trusts that may be needed depending on your unique set of circumstances:
Attorney Andrew Cohen is here to help you determine the best course of action to protect your family’s financial interests. Our San Luis Obispo special needs trust attorneys will help you set your loved one up properly.
Ensure that you can still provide for your loved ones without reducing their public assistance disability benefits. Contact the Law Offices of Andrew Cohen today for a free consultation of your case by clicking here or calling 661-481-0100.