When you love someone with all your heart, you want nothing more than to provide for them and ensure their happiness. However, if your loved one has special needs, this can often require special planning. If you have a spouse, child, grandchild, or other intended beneficiary with a physical, mental, or developmental disability, then you need to take steps to ensure they do not lose their benefits after you're gone. It is not uncommon for people to lose their SSI, Medicaid, or other benefits when inheriting life insurance, real estate, or any number of other assets. However, it doesn’t have to be this way.
There are a number of options available that can help you maintain your loved one’s benefits while still providing for their future. By working with an experienced attorney at Tallgrass Estate Planning, you can develop a plan that will allow your loved one to continue receiving the benefits they need and deserve. With careful planning, you can ensure that your loved one will be taken care of long after you're gone.
Stand-by special needs trusts in your own estate plan
First-party special needs trusts