Special Needs Planning Attorney in Chicago, Illinois
How can I ensure my loved one with special needs will continue to receive Medicaid and Social Security after my death?
How can I ensure my loved one with special needs will continue to receive Medicaid and Social Security after my death?
Chicago, IL estate planning & probate attorney SJ Chapman talks about how you can ensure your loved one with special needs will continue to receive Medicaid and Social Security after your death. She notes that many clients have loved ones with disabilities and want to ensure their long-term financial security. However, directly leaving a larger share of an estate or a specific sum of money in a will or trust could inadvertently jeopardize the beneficiary’s eligibility for Medicaid programs. To address this, a Special Needs Trust is incorporated into the estate plan. This allows clients to provide for their loved ones with disabilities without compromising their Medicaid eligibility. By transferring the inheritance into the Special Needs Trust rather than giving it directly to the beneficiary, clients can preserve both financial support and access to essential government benefits.
