Special Needs Trusts

Peoria Estate Planning Lawyer

Don't Wait to Create a Special Needs Trust for Your Child or Grandchild. Do you lie awake at night worrying about who will care for your disabled child or grandchild after you are gone? Do you want your special needs child to benefit from an inheritance, but don't want to jeopardize his or her Medicaid, Supplemental Security Income (SSI) or other public assistance? Call (309) 265-0844 or contact my office to discuss how to set up a special needs trust for your child or grandchild. You'll sleep better knowing that you have planned for your child's future needs.

Do You Want to Provide Financial Support for a Disabled Family Member Without Compromising Supplemental Security Income (SSI) or Medicaid Medical Coverage?

If you have a mentally or physically disabled child, he or she may be qualified to receive Supplemental Security Income (SSI). Providing financial assistance for this family member may compromise their SSI or Medicaid medical coverage unless it is in the form of a special needs trust (also known as a supplemental needs trust).

Whether a disabled loved one is young or old, an experienced attorney who knows the rules and regulations of disability programs can help you set up a trust fund while ensuring your loved one remains eligible to receive Medicaid or Medicare.

Contact my Peoria law office to learn more about how I can help you secure the financial future of your special needs child or grandchild.

Special needs trusts must conform to stringent requirements of the Social Security Administration and other state and federal programs. They must be carefully worded in order to achieve the desired goal of providing financial support for your disabled family member while not affecting eligibility for Supplemental Security Income (SSI) benefits or other public assistance.

I am estate planning and elder law attorney William Wombacher. I have been assisting Illinois families with special needs planning for more than 25 years. I am a member of the Council of Advanced Practitioners and am the only certified elder law lawyer (CELA) in downstate Illinois.

Types of Special Needs Trusts

There are several types of special needs trusts. I can help you decide which one best fits your situation and needs.

• Third party special needs trust: A parent or grandparent can establish this trust fund to supplement a disabled family member's SSI income. The financial supplement is distributed to the beneficiary at the discretion of the trustee.
• Self-settled special needs trust: This trust is usually established after someone receives medical compensation for a disabling personal injury. The money is set aside in a trust fund so the beneficiary can still receive medical benefits and Supplemental Security Income (SSI).
• Pooled trust: Such trusts pool the resources of many disabled beneficiaries, and those resources are managed by a non-profit association. These trusts usually contain the beneficiary's own assets and the non-profit receives some or all of the assets after the beneficiary's death.

If you have a special needs child or a loved one is disabled as a result of a serious accident, I can help you with financial planning for their future. I also help disabled individuals with claims for Social Security Disability Benefits and Supplemental Security Income (SSI).

Contact my Peoria law office to schedule an appointment today to discuss whether a special needs trust is right for your family. My office hours are 9:00 a.m. to 5:00 p.m., Monday through Friday, with weekend and evening hours by appointment.

	The Law Office of William C. Wombacher Call Toll-Free 1-888-365-0852 700 Commerce Bank Building 416 Main Street, Suite 700 Peoria, IL 61602 Telephone: (309) 265-0844 ● Fax: (309) 674-8149 Map and Directions ● E-Mail Me
Peoria, Illinois attorney William Wombacher provides estate planning services in the Tri-County area surrounding Peoria, Illinois, (Peoria County, Tazewell County, and Woodford County). He assists clients with Social Security Disability and SSI appeals throughout central Illinois, including Peoria, Morton, Pekin, Chillicothe, Bloomington, Canton, and Galesburg.