Special Needs Trusts (SNTs) can be highly beneficial for disabled structured settlement recipients that are currently, or are soon to be dependent on governmental/public programs including Medicaid and Supplemental Security Income (SSI) to assist with their standard living and medical costs over time.

Our skilled and highly knowledgeable settlement consultants at Quest Settlements have assisted attorneys and their disabled clients when they need a Special Needs Trust in San Diego. With personal injury structured settlements providing non-taxed payments that are guaranteed, they are great for use in Special Needs Trusts.

Special Needs Trusts in San Diego

Disabled claimant benefits from San Diego Special Needs Trust.

In regards to financial settlements for disabled claimants, one of the primary concerns is generally whether the awarded funds will prevent the individual receiving them from qualifying for needs-based public assistance. Having even a few thousand dollars in certain assets can rapidly leave a disabled person ineligible for important programs run by the government.

Special Needs Trusts were designed to successfully handle this concern, as Federal law allows claimants to attain settlement funds from personal injury cases without those funds being counted against them in determining public benefits eligibility.

In particular, either a partial amount or the entire amount of the personal injury settlement can be put into the trust, being used mostly to complement government assistance and pay for expenses not covered with those specific benefits.

Based on the specific legal code of the disabled claimant’s state, the funds within the Special Needs Trust can also be used toward needs including transportation, nutritional provisions, out-of-pocket medical costs and rehabilitation. Claimants may also be able to make use of the money for “quality of life” expenses such as a place to live or even a vacation for relaxation & enjoyment.

The settlement consultants at Quest Settlements have a clear understanding of both state and Federal regulations applicable to Special Needs Trusts, and will let you know what is, and is not, allowed in spending the funds within the trust.

Quest Settlements offers effective San Diego Special Needs Trust Services.

There are different kinds of Special Needs Trusts, each of which has particular conditions and requirements. One type of SNT is for disabled claimants who are under the age of 65 when the trust is put in place. The trust usually includes settlement funds that are used to provide assistance for the disabled individual as conveyed above. If the Special Needs Trust funds have not been completely used up when the claimant passes away, any funds unused go toward covering Medicaid expenses and then is given to those chosen as the claimant’s heirs.

Another type of Special Needs Trust, known as a “pooled trust”, is for disabled individuals that are more than 65 years of age. While these over-65 claimants cannot make use of a regular Special Needs Trust, they will still in essence be able to get the same benefits with the use of the pooled trust.

Third Party Special Needs Trusts allow a third party (commonly a direct relative) to put money aside to help meet the financial needs of a loved one who is disabled. This trust helps provide peace of mind that the disabled individual will have access to the funds he or she needs as time goes on. The person that starts the trust has the ability to determine what to do with the remaining funds when the original beneficiary passes away.

Effective Special Needs Trust Services

Quest Settlements helps disabled claimants set up Special Needs Trusts in San Diego.

Our settlement consultants understand the value of Special Needs Trusts for personal injury claimants that are disabled. Over the years, throughout San Diego County, we have helped many disabled claimants and their attorneys with setting up these trusts successfully and as quickly as possible. We are always ready to help you with any questions and concerns regarding Special Needs Trusts in San Diego, and have the expertise needed to provide excellent assistance.

Don’t wait to get the San Diego Special Needs Trust assistance you or your client needs. To schedule an appointment with Quest Settlements, please give us a call at (619) 391-2578 or contact us online, and a representative will get back to you at the earliest possible time.

For Special Needs Trust Assistance, Contact Quest Settlements Today at (877) 832-3005

For Special Needs Trust Assistance, Contact Quest Settlements Today at (877) 832-3005