If you have someone with special needs in your family, you should take pause before you name this person in your will. Learn more about special needs trust in this presentation.

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WHAT IS A SPECIAL NEEDS
TRUST?

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DIRECT INHERITANCES
If you use a will to distribute assets, your
heirs will be leaving direct inheritances.

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In this presentation, we will look at
a number of different taxes.

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This can sound great, but under
some circumstances, it may not be
the best choice.

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PEOPLE WITH SPECIAL
NEEDS
If you have someone with special needs in your
family, you should take pause before you name
this person in your will.

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Clearly, you want to provide
support.

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However, there may be a better
way to go about it.

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HEALTH INSURANCE

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Everyone needs health insurance, but it is
particularly important for people with
special needs.

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Medicaid is a government health
insurance program.

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Many people with disabilities rely
on Medicaid.

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SUPPLEMENTAL
SECURITY INCOME

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Disabled people who cannot work
often qualify for the Supplemental
Security Income program.

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The purpose of this program is self-
explanatory: It serves as an
ongoing source of minimal financial
support.

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NEED-BASED
PROGRAMS

16. ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORFMedicaid and SSI are need-based programs.

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You cannot qualify if you have a
reasonable store of assets in your
own name.

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LOSS OF ELIGIBILITY
If a person who is enrolled in these programs
was to receive an inheritance or a large lifetime
gift, benefit eligibility could be lost.

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SPECIAL NEEDS
TRUSTS

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To help out a loved one with a disability without
doing any harm, you could create a special needs
trust.

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The trustee could use assets in the
trust to satisfy the supplemental
needs of the beneficiary.

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These would be needs that are not
being satisfied by the government
benefits.

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Benefit eligibility would not be
jeopardized.

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PERSONALIZED
INHERITANCE
PLANNING

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As you can see, you should consider
the life situation of every person on
your inheritance list when you are
planning your estate.

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SCHEDULE A
CONSULTATION

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If you would like to discuss your
unique family situation with a
licensed estate planning attorney,
our firm can help.

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Please contact Liane or Laura at
410-573-4818 or 301-970-8080 to
schedule your consultation.

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Or visit our website
www.sinclairprosserlaw.com
Nicole Livingston
Jon J. Gasior
Colleen SinclairProsser
Victor A. Lembo