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ANN ARBOR, Mich. - Michimich -- According to estate planning attorneys at Pear, Sperling, Eggan & Daniels, P.C., estate planning comes down to two simple questions – "Who gets what?" and "Who is in charge"? However, if one of the beneficiaries is receiving or might receive Medicaid or Supplemental Security Income ("SSI") in the future, the answer to these questions gets more complicated.
A special needs trust ("SNT") needs to be established to safeguard the beneficiary's government benefits and to withstand the scrutiny of the Federal Government in reviewing the SNT.
As a result, the question becomes "Who gets what when and what is he or she allowed to receive?" Government regulations in this area are stringent and change frequently.
Learn more about special needs trusts here (https://www.psedlaw.com/learn/more/special-need...).
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Pear, Sperling, Eggan & Daniels, P.C. attorneys are very experienced in discussing and assisting in the drafting of estate plan documents. If you have estate planning questions, contact a estate planning attorney in Ann Arbor (https://www.psedlaw.com/practice/areas/estate-planning) at Pear, Sperling, Eggan & Daniels, P.C.
About Pear Sperling Eggan & Daniels, P.C.: Pear Sperling Eggan & Daniels, P.C. is one of the oldest law firms in Washtenaw County, Michigan. Founded in 1948, Pear Sperling has adapted with the ever-changing needs of clients and flourished into a well-respected and successful law firm, trusted by clients, judges and other attorneys. Top Rated Michigan Superlawyers®, AV® rated, and their attorneys are held to the highest rating possible based on peer review.
A special needs trust ("SNT") needs to be established to safeguard the beneficiary's government benefits and to withstand the scrutiny of the Federal Government in reviewing the SNT.
As a result, the question becomes "Who gets what when and what is he or she allowed to receive?" Government regulations in this area are stringent and change frequently.
Learn more about special needs trusts here (https://www.psedlaw.com/learn/more/special-need...).
More on Michimich.com
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Pear, Sperling, Eggan & Daniels, P.C. attorneys are very experienced in discussing and assisting in the drafting of estate plan documents. If you have estate planning questions, contact a estate planning attorney in Ann Arbor (https://www.psedlaw.com/practice/areas/estate-planning) at Pear, Sperling, Eggan & Daniels, P.C.
About Pear Sperling Eggan & Daniels, P.C.: Pear Sperling Eggan & Daniels, P.C. is one of the oldest law firms in Washtenaw County, Michigan. Founded in 1948, Pear Sperling has adapted with the ever-changing needs of clients and flourished into a well-respected and successful law firm, trusted by clients, judges and other attorneys. Top Rated Michigan Superlawyers®, AV® rated, and their attorneys are held to the highest rating possible based on peer review.
Source: Pear, Sperling, Eggan & Daniels, P.C.
Filed Under: Legal
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