Disability planning and special needs planning can benefit greatly from having an experienced disability planning attorney to guide you through the complexities. Perhaps you are concerned about receiving disability benefits, or perhaps you want to pass assets to a disabled child without compromising his or her government assistance eligibility. While disability planning does include Social Security Disability and receiving Medicaid, disability planning is about so much more. Disability planning can include preparing special needs trusts, obtaining VA benefits, and even preserving assets gained from a personal injury settlement. It is important that you understand all benefits which are available to you in order to put together an effective disability plan for your future. Your disability planning could include one or more of the following:
- Long-term disability plans from your work
- Short-term disability plans from your work
- Long and short-term disability plans from private insurance
- Veteran benefits
- Long-term care insurance
- Reverse mortgages
- Social Security Disability
- Supplemental Security Income
Your disability planning attorney can comprehensively review your specific needs, then help you put together a disability plan which meets your needs. This could include setting up a trust or even gifting assets so that later on you can qualify for much-needed benefits.
You may also have a disabled child that you would like to plan for. Setting up a special needs trust will allow you to pass down assets without compromising the child’s eligibility for benefits, both now and when the child is an adult. Government programs have stringent requirements for eligibility, both financial and health-related. Disability planning can ensure your child will be able to receive—and continue to receive—these benefits while still receiving assets you leave to him or her. Having all of this in place can truly give you peace of mind regarding your child’s future.
Supplemental Security Income (SSI) was created to help the elderly, the blind and the disabled receive a minimum monthly income to help cover living expenses. There is a formula to determine the amount of the combination of state and federal dollars you or your special needs child could be eligible to receive, which will be determined based on any other income received. Regardless of your specific needs, after speaking to a knowledgeable disability planning attorney, you will be able to understand which needs must be met when filing an application for disability benefits and exactly what type of disability planning will best meet your future needs.
Contact Our Denver Disability Planning Lawyers
Contact the Denver disability planning attorneys Frazer-Abel Law, LLC for experienced help today. Schedule a free, no-pressure consultation by calling (720) 638-1465, or by filling out the contact form on this page.
Contact Our Disability Planning Lawyers
If you or someone you love has questions regarding disability or settlement planning, elder law, public administration or fiduciary services, we can help. Contact the attorneys at Frazer-Abel Law, LLC today for a consultation and review by calling 720-638-1465, or by filling out the contact form on this page. We can answer your questions and help protect you or your loved one’s estate.