Special Needs planning is often necessary for individuals with disabilities who are either on, or trying to become eligible for certain Government benefits.
Understanding Federal and State Regulations
Under Federal and State law, people with disabilities who have more than $2,000.00 in available cash assets are generally not eligible for Government benefits such as SSI, SSDI, or Medicaid. That money may come from a personal injury settlement, a divorce, an inheritance, or even a payment of retroactive Government benefits. These individuals often face a difficult choice, namely immediately spend all of the money, or put the money into a Special Needs Trust (SNT).
"We found the firm of Grosskopf Law Office highly skilled, genuine advocates with a true commitment to their clients."
How We Can Help
Grosskopf Law Office can draft a custom Special Needs Trust or can draft the documents to have a client participate in an existing pooled or community trust. One such Trust in Wisconsin is through Wispact, Inc.
In addition, individuals with disabilities have many of the same issues as everyone else, so that they need their own advanced planning, with such things as financial Powers of Attorney, Health Care Powers of Attorney, and other advanced directives. However, those Powers of Attorney often need to be drafted to anticipate some of the special needs or concerns of the disabled individual.
