Special Needs
Thompson Painter Law’s special needs trust services help secure a loved one’s future by creating trusts that preserve eligibility for essential benefits while providing tailored financial support.
Special Needs Trust Planning for Long-Term Care and Stability
What is a Special Needs Trust? A Special Needs Trust is a legal tool designed to support individuals with disabilities by managing assets while preserving eligibility for government benefits such as Medicaid and SSI. It ensures long-term care without disqualifying the beneficiary from crucial services.
Learn More About Special Needs Trusts
Why Create a Special Needs Trust
- Maintain Government Benefits: Ensures access to Medicaid, SSI, and other programs.
- Tailored Support: Funds can cover medical care, housing, education, and other personal needs.
- Financial Security: Provides long-term stability and asset management for a loved one with disabilities.
Types of Special Needs Trusts
- First-Party Special Needs Trusts: Funded by the individual’s own assets (often through settlements or inheritances).
- Third-Party Special Needs Trusts: Created by family members or others for the beneficiary’s future needs.
- Pooled Trusts: Managed by a non-profit, combining assets from multiple beneficiaries for efficiency.
How a Special Needs Trust Works
- Trustee Responsibilities: The trustee manages and distributes assets according to the beneficiary’s needs.
- Allowable Expenses: Funds can be used for things like medical care, education, housing, and recreational activities—expenses that improve quality of life but do not interfere with eligibility for government programs.
Why Work with Us?
- At Thompson Painter Law, we specialize in helping families create Special Needs Trusts that safeguard a loved one’s financial future while protecting their access to essential government benefits. With our expertise, you’ll get a comprehensive plan tailored to your family’s unique needs.
Ready to ensure your loved one’s future is secure?
Contact us today to schedule a consultation and learn more about setting up a Special Needs Trust in Montana.