Cherry Hill Disability Trust Lawyers
Different types of trusts can be used to accomplish different purposes. For example, special needs trusts can be helpful in situations in which a disabled person has significant assets, whereas supplemental benefits trusts can help in situations in which a disabled person’s family wants to give money to the disabled person.
Supplemental benefits trusts offer several important advantages to families concerned about providing for the future needs of a loved one. These advantages include:
- The option for multiple family members to contribute to a trust or name the trust as beneficiary in their wills
- The fact that 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 Advice And Guidance Regarding Supplemental Benefits Trusts
At the Rice & Quattrone, PC, we are well-versed in all aspects of elder law, special needs law and estate planning. We have been involved in the establishment of disability trusts and other complex trusts since the 1980s. 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 Cherry Hill, Linwood And All Of New Jersey | Contact Us
Attorneys with the Rice & Quattrone, PC are admitted to practice in New Jersey and Pennsylvania. We serve residents of those states and as the local representative for out-of-state executors and beneficiaries of wills and estates in New Jersey and Pennsylvania probate courts.
Do you have questions that can only be answered by a lawyer? Contact us to discuss your needs with an experienced supplemental benefits trusts attorney in Cherry Hill or Linwood.