Tuesday, October 28, 2014

Child with disability can be protected with Special Needs Trust

Lynn A. Dean
Estate Planning Attorney
Concerned parents of adult children with disabilities often supplement what Social Security and State benefits don't cover for quality of life standards they are familiar with. The reality is no one can replace the unconditional love and support that parents have for their special needs child at any age. One option for parents who foresee the future needs of their child even when they themselves are no longer around is a special needs trust.  

A special needs trust (SNT) can be created so that the child can still receive extra care for costs over and beyond the monthly disability benefit.  It allows monies to be set aside to enhance quality of life but not disqualify them from receiving benefits.

A special needs trust can be included as part of your living trust. It specifies how trust monies can be used to pay for items not covered by public benefits. You can designate the trustee(s) who will be in charge when you are gone. It will also cover what happens to the trust funds upon your child’s death.


Even if your child is still young, it is wise to start planning now. For more information on trusts and estate planning, click here.

Wednesday, October 22, 2014

Third Party Special Needs Trust Protects Your Child's Financial Future

Lynn A. Dean,
Estate Planning Attorney
Third Party Special Needs Trust are the most common type of trust parents can create for children or others receiving public benefits. It allows monies to be set aside to enhance quality of life but not disqualify them from receiving benefits.


A Special Needs Trust allows the individual with special needs to receive income from the Trust without impacting their federal eligibility for income dependent benefits, like Supplemental Security Income (SSI) or Medi-Cal. Assets held in this type of trust do not qualify as available income when calculating eligibility, as the funds are not considered to be within the recipient’s direct control.
Set at just 2/3 of the poverty level, SSI alone is not enough to cover someone’s minimum needs. Without this type of trust, your loved one with special needs will likely face enormous hardships after your death, depleting funds from their inherited estate within just a few years. A Special Needs Trust allows them to draw on federal financial benefits in addition to drawing income from the estate.
The Law Office of Lynn A. Dean regularly works with families to structure estate plans that help them easily manage personal or business financial assets to achieve their long-term goals. For more information on special needs trust, click here

Wednesday, October 15, 2014

My Child with Special Needs is Turning 18. Now What?

Lynn A. Dean
Estate Planning Attorney
Lynn A. Dean will be on a panel discussion about transition processes for young adults with special needs. Topics include conservatorships and special needs trusts; supportive living; transition form school-based services to Regional Center-funded services; and personal transition stories from individuals with special needs and their families.

Presented by the Jewish Federation of the Sacramento Region's Committee on Inclusion and Disabilities in partnership with Capital Public Radio on October 26, 2014, 2:00 - 4:00 p.m.. Open to the public, free -  registration required, Click here for more information.

Monday, October 13, 2014

October is Special Needs Month



The National Academy of Elder Law Attorneys, Inc. (NAELA) has declared October as special needs month. Lynn Dean, a member of NAELA, can prepare your Special Needs Trust. A special needs trust protects the assets of a beneficiary with special needs after their parents’ death. 

If you are caring for an individual with special needs, you need to think about how that care will continue when you are no longer in the picture.

To learn more about special needs trusts, visit the Law Office of Lynn A. Dean website