If you are the parent of a special needs child, you are no doubt concerned about what will happen when you can no longer provide his or her care yourself. Chances are you are also deeply concerned about how to pay for this care. At Rischard & Associates, PLLC we can design a special needs plan capable of:
- Addressing your concerns about protecting your child’s eligibility for Medicaid, Supplemental Security Income (SSI) and other government programs
- Maximizing the amount of public and private resources available to care for your loved one
- Helping you address the planning needs of your entire family
We will work closely with you to gain a thorough understanding of your priorities, overall objectives and financial situation. This will allow us to determine the benefits available to you and the steps needed to care for your special needs loved one according to your wishes and his or her best interests. Some of the best ways to accomplish these goals are known as special needs trusts.
Special Needs Trusts
While there are many different types of special needs trusts, in general they are used to maintain eligibility for means tested government assistance programs such as Medicaid and SSI while simultaneously providing a fund to supplement services not provided by government programs. Funds in a special needs trust can be used to pay for education, entertainment, travel, a wheelchair-accessible van, special dental and medical care, and more. Services such as these can significantly improve your special needs loved one’s quality of life.
Contact our Oklahoma City special needs planning lawyer today for a consultation. We can work with you to develop a comprehensive special needs plan capable of ensuring your loved one will receive the best possible care now and for the rest of his or her life.