Third Party Special Needs Trusts

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Third Party Special Needs Trusts | The Pollock Firm LLC

Normally, in order for a person to qualify for Medicaid or Supplemental Security Income (SSI), the person must have very few assets and very little income. If you have a loved one who is receiving Medicaid or SSI, you should not give them money directly as it will cause them to lose their benefits. When […]

Special Needs Trusts

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Special Needs Trusts

There are generally three types of Special Needs Trusts: self-settled special needs trusts, third party special needs trusts and pooled trusts. All special needs trusts are designed to provide supplemental money to a person who is receiving government benefits in a way that will not cause the special needs person to lose their benefits. A self-settled special needs […]

Administration of Special Needs Trusts

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The Pollock Firm LLC - Wills Trusts and Estates

The Administration of Special Needs Trusts is typically far more difficult than the administration of a normal trust.  If you are the Trustee of a Special Needs Trust, you must be aware that assets must typically be invested in a different manner, payouts are limited by the terms of the trust, special filings and tax […]

First Party Special Needs Trusts

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First Party Special Needs Trusts

 If you are a disabled person, you may qualify for government benefits, such as Medicaid or Supplemental Security Income (SSI).  However, the government will not provide Medicaid or SSI unless you meet certain asset qualifications.  Generally, you must have very few assets in your name. If your assets are over the qualification threshold, you can […]

Special Needs Planning

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Special Needs Planning The Pollock Firm LLC

At the The Pollock Firm LLC, we understand the need for effective and advance planning to provide security for the future of your special needs family members. Creating an inheritance plan which does not adversely affect a person’s eligibility for government benefits is crucial.The The Pollock Firm LLC has experience drafting both special needs trusts […]