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However, special needs trusts cannot be used to pay for everyday expenses, such as food and housing. If the assets in a special needs trust are used to pay for non-qualifying expenses, the amount paid will be considered “countable income” for the purposes of Medicaid and Social Security benefits. Persons with disabilities often need lifelong assistance with the routine tasks of living. At HALE BALL MURPHY, PLC Carlson Baumgartner Murphy, PLC, our northern Virginia special needs planning attorneys work with adults with disabilities, their families and parents of children with special needs to ensure high-quality care and support in living a full and healthy life. Third Party trusts are funded with the assets of a parent, grandparent or guardian under a will or estate plan. Third Party trusts are flexible, but must contain strict language directing that trust distributions may only be made at the discretion of the trustee and directly to whomever is providing the service to the beneficiary. Third Party Trusts are not subject to any repayment or Medicaid recovery and remaining assets may be left to anyone the settler of the trust chooses. https://lawyeressay.com/ |
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