Four Ways Assets Transfer At Death
Countable vs. Excluded Assets Under Florida Medicaid
Minimum Monthly Maintenance Allowance Shelter Expenses Considered
Law Offices of Kevin M. Gilhool
2409 Fort Street
Wyandotte, MI 48192
Phone: 734.285.9040
Fax: 734.283.2341
Disability Planning including Special Needs Trusts |
The emotional and financial challenges that the disabled face can take a toll on the disabled individual as well as his or her family. Often times, government benefit programs help relieve some of the financial burden by providing assistance with payment of care through programs such as Supplemental Security Income (SSI) and Medicaid. Because these programs are means tested, receipt of funds in excess of the program’s asset and income limits could jeopardize a disabled child or disabled adult’s continued eligibility for SSI and Medicaid. This sometimes occurs when a disabled child or adult receives an inheritance or proceeds from a lawsuit settlement. Our firm can provide assistance with establishing a Special Needs Trust for a disabled child or disabled adult under age 65 in order to maintain qualification for SSI and Medicaid in the event funds are received in excess of the program’s resource limits. |