Supplemental Benefits Trusts Attorney in Cherry Hill, NJ

Different types of trusts can be used to accomplish different purposes. For example, special needs trusts can be helpful when a disabled person has significant assets, whereas supplemental benefits trusts can help when a disabled person’s family wants to give money to the disabled person.

The Advantages of a Supplemental Benefits Trust

Supplemental benefits trusts offer several important advantages to families concerned about providing for their loved ones’ future needs. These advantages include:

  • The option for multiple family members to contribute to a trust or name the trust as the beneficiary in their wills
  • Money put into the trust does not have to be used to pay back Medicaid
  • The fact that a supplemental benefits trust can be established as an empty shell until it is funded

Every disability situation is different and should be evaluated by a qualified professional.

Get Sound Advice and Guidance on Your Options

At Rice & Quattrone, we are well-versed in all aspects of elder law, special needs law, and estate planning. We have been involved in establishing disability and other complex trusts at our firm since 1991. If a supplemental benefits trust (or another type of trust) is in your best interest, we can help you create one.

Disability Trust Attorneys Serving All of New Jersey

At Rice & Quattrone, we are admitted to practice in New Jersey and Pennsylvania. We serve residents of those states and act as local representatives for out-of-state executors and beneficiaries in the probate courts of New Jersey and Pennsylvania.

Do you have questions that only a lawyer can answer? Contact us online or call to discuss your needs with an experienced attorney in Cherry Hill at 856-673-0048 or Linwood at 609-398-3447.

Practice Areas