Supplemental Needs Trusts in New York
Don’t Diminish Your Benefits, Supplement Them!
Medicaid and other government benefit programs typically determine eligibility based upon the
income and resources of the applicant. For a person who is chronically or severely
disabled, a supplemental needs trust may be a viable option to
supplement these benefits rather than diminish them. A family member or other person may establish a trust for the disabled party without jeopardizing their ability to receive government benefits such as Medicaid. In some situations a trust of this kind may be set up with the disabled person's own funds, although this may be more restrictive.
Interested in finding out more about setting up a supplemental needs trust? Attorney Melnik at our law firm would be more than happy to talk to you about your options and your rights in this regard.
Helping our Clients to Make Informed Decisions
Depending on the particular situation, a supplemental needs trust may be established with the funds of the disabled person or a third party. A lawsuit settlement for personal injury, wrongful death or medical malpractice may be used to establish a supplemental needs trust in some situations, although the approach may vary depending on the case. Due to the potential complexity of these matters, it is highly recommended that you discuss your unique options and rights with a distinguished attorney to answer your questions and smooth out the details.
At the Melnik Law Group, PLLC we represent clients throughout all five boroughs in New York City, including in Manhattan and Brooklyn. We can talk to you about protecting your assets and helping to provide a secure future for a person who is severely disabled through a supplemental needs trust. By approaching these matters from the proper standpoint, we can assist you not only in protecting your current assets but also in taking full advantage of any benefits that may be available to you under Medicaid or
Social Security. So what are you waiting for?
Contact our legal team today to learn how we can help you!