Many individuals with disabilities rely on government programs to help them with their medical needs. Often these programs have limits on what kinds of assets a program participant can own. This can make it challenging for family and friends to care for the disabled person.
One tool that is available is a special type of trust that can hold assets without affecting a person’s medical benefits. These trusts come in two types.
Special Needs Trust
A Special Needs Trust holds assets belonging to an individual who is enrolled in a public benefits program. By placing their assets in trust, the enrollee can sometimes prevent these assets from being counted by the government program. This allows them to use their assets to their benefit instead of losing them to pay for care.
Supplemental Needs Trust
A Supplemental Needs Trust also holds assets on behalf of a disabled individual. Supplemental Needs Trusts differ from Special Needs Trusts. A Supplemental Needs Trust holds assets that originally belong to a 3rd party (like a parent or relative) and allow those assets to be used for the disabled person’s benefit.
Pluto Legal, PLLC operates differently than most firms. Our office and staff are located in Tyler, Minnesota, while our attorneys currently live in Olivia and St. Louis Park. The attorneys at Pluto Legal will make house calls throughout Minnesota. So, rather than asking you to travel and bring all of your information to our office, we meet with you in the comfort and privacy of your own home or other convenient location.
We offer a no charge consultation to review your situation and base our recommendation on only what you need. We will never recommend services to you that are unnecessary.
We offer many workshops for community education and for Continuing Education Credits. Please contact Pluto Legal for more information Toll Free 1-866-457-3131, firstname.lastname@example.org 100 E. Hwy. 14, Tyler, MN 56178 or check out our website, www.plutolegal.com.