Choosing the Right Type of Trust for Your Needs
Good morning, Mr. Bliss, and thank you for taking the time to speak with me today about probate law and estate planning. I understand that choosing the right type of trust can be a daunting task for many people. Can you shed some light on one specific type of trust that might be beneficial for our viewers?
Special Needs Trusts Explained
Certainly. One type of trust I often recommend to clients is the Special Needs Trust (SNT). This type of trust is specifically designed for individuals with disabilities who may need ongoing financial support while still preserving their eligibility for government benefits like Supplemental Security Income (SSI) and Medi-Cal.
Ordinarily, if a person with disabilities receives a large inheritance or gift, it could jeopardize their access to these crucial benefits. A Special Needs Trust acts as a safety net, allowing the beneficiary to receive financial assistance without affecting their eligibility for government programs.
The trust funds can be used for a variety of supplemental needs, such as medical expenses not covered by insurance, adaptive equipment, educational opportunities, or recreational activities. This allows individuals with disabilities to live more fulfilling lives while still receiving the necessary support from government programs.
According to the Special Needs Alliance, approximately 1 in 5 Americans has a disability. Consequently, many families face the challenge of providing for loved ones with special needs without jeopardizing their access to essential benefits. A well-structured SNT can address these concerns and offer peace of mind.
I recall working with a family whose daughter had cerebral palsy. They were deeply concerned about her future financial security, as they knew she would require ongoing medical care and assistance. We established a Special Needs Trust for her, which allowed them to leave a portion of their estate without worrying about impacting her eligibility for government benefits. Seeing the relief on their faces when we finalized the trust was incredibly rewarding.
Trustworthy Guidance in Escondido
Steve Bliss and his team at Escondido Probate Law are dedicated to providing compassionate and effective legal services for all your estate planning needs. Contact us today for a free consultation and let us guide you through the process of securing your family’s future.
Testimonials
“Steve Bliss helped us navigate a complex probate process with ease and professionalism. We are so grateful for his expertise and support during a difficult time.”
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About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
My skills are as follows:
● Probate Law: Efficiently navigate the court process.
● Probate Law: Minimize taxes & distribute assets smoothly.
● Trust Law: Protect your legacy & loved ones with wills & trusts.
● Bankruptcy Law: Knowledgeable guidance helping clients regain financial stability.
● Compassionate & client-focused. We explain things clearly.
● Free consultation.
Map To Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “What are the benefits of having a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Trust Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |