NJ Special Needs Trusts Lawyers

Special Needs Trusts Legal Services from N.J. Bar Association Lifetime Achievement Award Winner – Donald D. Vanarelli, Esq.

Special Needs Planning for Future Financial Needs

Everyone should develop a plan for the future. This is especially important if you or a loved one is disabled.

Parents of a disabled child wish to ensure that appropriate care is available over the course of their child’s lifetime when they are no longer able to provide care for their disabled child. In addition, if a loved one receiving public benefits based upon financial need such as Medicaid, SSI, supportive housing or other services from New Jersey receives an inheritance or personal injury settlement or award, planning with a knowledgeable legal professional and others is required to prevent the loss of the critical public benefits.

Vanarelli & Li, LLC serves the Union County, NJ area to help the disabled and their loved ones effectively plan for the future. Contact Vanarelli & Li, LLC to establish a plan for the future. Call us today at 908-232-7755.

Financial Planning and Trusts

An effective care plan may consist of a variety of financial tools and estate documents that may involve gifts, inheritances, retirement plans, life insurance policies, eligibility for public benefits, and trusts.

One of the most important special needs planning tools is a special needs trust, in which a third party holds assets for the benefit of a disabled person. Funds belonging to a disabled person or loved one can be transferred to a trust and distributed in a manner that provides for the disabled person’s special needs, including medical expenses and other costs. If the trust is properly drafted, the funds and other financial assets held in the special needs trust will not interfere with or impact a disabled person’s eligibility for Medicaid and other public benefits based on financial need which the beneficiary may now receive or apply for in the future.

A special needs trust is an effective way to ensure that assets are available to a disabled child or loved one in future years.

Here are some common financial planning issues we work on:

It is often important to ensure public benefits remain available. Eligibility is often calculated based on income or need so special care must be taken to avoid ineligibility.
Our attorneys can help you fund a trust from multiple sources.
We can help a disabled adult establish a trust. These are often called “self-settled” special needs trusts.

Contact Vanarelli & Li, LLC Today!

Plan ahead for your loved one’s care with the assistance of Vanarelli & Li, LLC. As a Certified Elder Law Attorney, NJ Super Lawyer, Donald D. Vanarelli, Esq. has the knowledge, skill and experience necessary to effectively represent you and your loved ones in this complex area of law. Our wide range of service areas allow us to effectively navigate the legal hurdles you face. If you have questions regarding special needs planning and trusts, speak to a member of our team today.

Submit the form on this page or call 908-232-7755 for prompt legal assistance.

New Jersey Elder Law and Disability Lawyer, Donald D. Vanarelli.

Award-Winning New Jersey Disability and Elder Law Attorney Donald D. Vanarelli, Esq.

Mr. Vanarelli is a recipient of the Marilyn Askin Lifetime Achievement Award from the New Jersey State Bar Association’s Elder and Disability Law Section. The Lifetime Achievement Award, the Elder and Disability Law Section’s highest honor, is bestowed on an attorney with an established history of distinguished service who has made significant contributions in the field of elder and disability law throughout his or her career.

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Call 908-232-7755 for assistance with special needs planning and trusts.

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