Special Needs Trust

October Is National Special Needs Law Month

Posted by markelderlawon October 7, 2022in Trusts

The National Academy of Elder Law Attorneys (NAELA) has designated the month of October as National Special Needs Law Month. Special needs planning is an essential part of my elder law practice. There are unique steps to be taken to…

Who Can Create a Special Needs Trust?

Posted by markelderlawon July 19, 2021July 19, 2021in Trusts

In 1993 Congress passed special laws that amended the Medicaid statute. A portion of the amendment to the Medicaid statute concerns the establishment of a Special Needs Trust for a disabled beneficiary who is less than 65 years of age. …

Posted by markelderlawon June 14, 2021October 7, 2022in Trusts

A person must own less than $2,000 of resources in order to obtain Medicaid assistance to pay for long-term care. Both federal and state laws prohibit an individual from gifting assets within five years of the Medicaid application in order…