Special Needs Planning
ShounBach has been serving clients for 45+ years and we have all the resources to handle your divorce, domestic or estate matter.

Special Needs Planning

An individual with disabilities can be disqualified from public assistance programs such as Medicaid and SSI if their assets are greater than $2,000. An inheritance or lifetime gifts from well-meaning family members could unintentionally disqualify them from these programs and the services they provide. Proper planning is needed to ensure a disabled family member can be provided for without jeopardizing their benefits.

Assets held for a disabled beneficiary in a properly drafted Special Needs Trust are not counted as a resource. This allows the beneficiary to qualify for government services while the Special Needs Trust holds assets that can be used for the beneficiary’s supplemental needs.

Contributions can also be made to an ABLE (Achieving Better Life Experience) Account for the benefit of certain disabled beneficiaries. Up to $100,000 can be held in this account and used for the beneficiary’s qualified disability expenses while still allowing the beneficiary to qualify for government services.

ShounBach provides comprehensive estate planning assistance for individuals and families of all ages. Contact our offices today
Don’t Navigate This Process Alone

"*" indicates required fields

ShounBach - white logo
Fairfax Office
(Main Office)

4000 Legato Road, Suite 400
Fairfax, VA 22033

Loudoun Office

107 E. Market Street,
Leesburg, VA 20176

Get In Touch

Phone: 703-222-3333
Fax: 703-222-3340
Contact Us

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
Call Now Button