The name “elder law attorney” is a bit of a misnomer because elder law attorneys work with people of all ages. It is fairly common for younger clients with disabilities, or parents of children with disabilities, to need help managing finances and long term care. There are complicated laws in regard to social security disability benefits and other kinds of health benefits which are determined by income and assets.
A child who has a trust which he can access may actually be denied government benefits if the government finds that he can afford medical care himself. It won’t matter that the trust was a gift or that the trust is intended to last an individual’s entire lifetime. There are ways to set up trusts though which can protect assets from being spent unwisely while also preserving eligibility for benefits.
Getting Legal Help
Whether you are over age 65 or are in need of long term care, experienced Elder Law Attorney Elga Goodman can help you understand your options and work with you to create a plan that meets your estate planning goals. Contact us today at 973-841-5111.
Posted in: Elder Law