Special Needs Trust Attorney in Cincinnati
Navigating the intricacies of planning for a loved one with special needs requires not just care and precision but also a deep understanding of the legal landscape. In Cincinnati, Keller, Barrett & Higgins stands out for its dedication to providing expert legal services tailored to the unique challenges faced by families of individuals with disabilities.
Why Choose a Special Needs Trust?
A Special Needs Trust (SNT) is crucial for managing and protecting the financial future of individuals with disabilities without compromising their eligibility for government benefits such as Medicaid or Supplemental Security Income (SSI). These trusts provide a way to supplement government benefits by paying for expenses that enhance the beneficiary's quality of life while maintaining crucial benefit eligibility.
Types of Special Needs Trusts
- First-Party Special Needs Trusts: Created with the beneficiary's own assets, such as an inheritance or settlement from a lawsuit. These trusts are designed to preserve the beneficiary's eligibility for public benefits, with the stipulation that any remaining funds upon the beneficiary's death must be used to reimburse the government for the cost of medical care.
- Third-Party Special Needs Trusts: Funded with assets belonging to someone other than the beneficiary, typically parents or other family members. Unlike first-party trusts, these do not require a payback to the state upon the beneficiary's death, allowing any remaining assets to be distributed according to the trust's directives.
- Pooled Trusts:Managed by nonprofit organizations that pool and invest funds from multiple beneficiaries. These trusts are an option for families who prefer a professional trustee and seek to minimize setup and management costs.
Crafting a Special Needs Trust with Keller, Barrett & Higgins
At Keller, Barrett & Higgins, we understand that each family’s situation is unique. Our approach involves:
- Personalized Consultation: Understanding your family's needs and goals is our priority. We offer detailed consultations to explore the best trust options for your specific circumstances.
- Expert Trust Drafting: Our attorneys specialize in drafting precise and legally compliant special needs trusts that safeguard your loved one’s financial future while ensuring compliance with Ohio and federal laws.
- Ongoing Support and Administration: Trust management can be complex. We provide ongoing support to help you navigate trust administration, ensuring that the trust operates smoothly and continues to meet the evolving needs of your loved one.
Legal Expertise You Can Trust
Our team is committed to enhancing the lives of individuals with special needs by providing them with the financial security and legal protection they deserve. We stay abreast of the latest changes in the law to offer you the most effective and up-to-date advice.
Get in Touch
Plan for the future with confidence. Contact Keller, Barrett & Higgins today to schedule a consultation with a knowledgeable special needs trust attorney in Cincinnati. Let us help you secure a stable and fulfilling life for your loved one. Call us at 1(513) 351-6058 or visit our office to get started. Your family’s peace of mind is our top priority.