Our team is keenly aware of the challenges involved in planning for after your death. Especially when a family member or loved one has a disability or special needs, planning for the well-being of a loved one requires a very delicate yet comprehensive approach. At the Law Firm of Tammy W. Akers, LLC, we wholeheartedly understand that you need someone you can count on. So, are you looking for an attorney with experience in special needs trust? Call our Colorado Springs office at Tammy W. Akers, LLC Law Firm, to get set up.
What Is A Special Needs Trust?
A “special needs trust” is a legal method of transferring private property that is held in the trust while at the same time securing eligibility for needs-based government services needed for people with disabilities. That is the significant benefit of using a special needs trust. You can create a special needs trust without jeopardizing their Medicaid or Supplemental Security Income (SSI) eligibility.
Special needs trusts are a legal instrument for families looking to secure the financial future of their loved ones with a disability. With a profound understanding of the Colorado Springs local legal landscape, Tammy W. Akers extends her vast knowledge beyond her primary specializations in family law, real estate law, business law, and probate law to serve families requiring special needs trusts.
We Help You Avoid Common Pitfalls With Ease
One of the common misconceptions is that gifting money to a person with special needs will settle all their money problems. However, here in Colorado, the action of gifting assets or large amounts of money can actually disqualify you from receiving essential government benefits! So, if you want your loved one to be approved for Medicaid or SSI, think twice about giving them any assets without hiring an attorney to get you squared away with a proper special needs trust.
Mistakes in this kind of future planning can also lead to other unintended consequences. To avoid sub-optimal outcomes in general — those that don’t hurt the people you leave behind — seek the guidance of an estate planning attorney who knows what they’re doing. That’s the wisest move for keeping your family and loved ones secure.
The landscape around special needs planning can be dense. Some obstacles include needing help understanding the legal requirements, tax implications, and trust management. Our very talented and skilled special needs attorney, Tammy Akers, is practiced at navigating these complexities, providing straightforward, actionable solutions to achieve your desired outcomes.
Call The Office For A Consultation
At the Law Firm of Tammy W. Akers, LLC, we are committed to delivering individualized legal solutions with a warm, client-centered approach. When it comes to estate planning, there is no one-size-fits-all solution. The best way to ensure that your assets are distributed according to your wishes is to consult a qualified estate attorney.
The special needs trust attorneys at the Law Firm of Tammy W. Akers, LLC, have the experience and hard-earned knowledge to assist you in crafting a plan that matches your expectations and wishes. We will work closely with any of your other professional advisers to ensure we do everything we can to streamline the process. Let us help you create peace of mind for yourself and your family.