What Is a Special Needs Trust?

When you are engaged in the process of estate planning, you should explore all of your options carefully and act in a fully informed manner. There are various different ways to facilitate future asset transfers, and the optimal course of action will vary depending on the circumstances. Special Needs Planning If you want to provide for someone with special needs, you should be aware of government benefit eligibility rules and regulations. Many people with disabilities are enrolled in the Medicaid program. Medicaid is a jointly run federal/state government health insurance program. We practice in the state of California. In our state, Medicaid is called Medi-Cal. To qualify for Medi-Cal, you must be able to demonstrate significant financial need. Clearly, health insurance is going to be important for many people with special needs, because expensive care and treatment is often required. Many people with special needs cannot earn much income, so they qualify for Medi-Cal. Supplemental Se
http://www.norcalplanners.com/blog/estate-planning/special-needs-planning/special-trust/

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