Most public benefits available for disabled individuals impose harsh, below-poverty limits on assets and income. However, there are often plans by which a disabled individual may hold assets that will not count against his/her limits, while still providing financial benefits to him/her. Isaac Wiles estate, trust and probate attorneys are experienced in establishing first-party special needs trusts and third-party discretionary trusts, as well as coordinating the use of STABLE accounts or pooled trusts.
Not every option is available for every situation, so we work to help identify what is possible for each client. Individual plans must be tailored to the beneficiary’s assets, age, capacity and particular benefit. Because these “safe harbors” may also feature stringent requirements for construction or use, our attorneys help our clients understand their limits, rights, and responsibilities. We strive to find solutions to help disabled individuals and their families supplement their financial needs.