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 RegulationsUnder 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).
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