In New Jersey, many residents rely on government benefits for financial assistance. However, in order to qualify for government benefits, there is an income and asset limit. Utilizing a special needs trust may allow a person to qualify for government benefits without leaving them impoverished. A special needs trust may be executed by a person prior to becoming disabled, or by a qualifying family member on a person’s behalf after they have become disabled or otherwise qualified for government benefits. Utilizing a special needs trust may allow a person to qualify for government benefits without leaving them impoverished. A special needs trust may be executed by a person prior to becoming disabled, or by a qualifying family member on a person’s behalf after they have become disabled or otherwise qualified for government benefits. Continue reading “Options to Qualify For Government Benefits Without Leaving Yourself Impoverished”
Tag: Social Security Disability
Self-Settled Trusts Available for Individuals with Disabilities
By adding two words (“the individual”) from the Special Needs Trust Fairness Act of 2015 to an existing statute, special needs individuals are now able to create their own self-settled special needs trust. President Obama signed the 21st Century Cures Act approving the change and opening the door for individuals who previously could not open a special needs trust on their own.
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