Good morning, Escondido! This is Brenda Jones reporting live from Escondido Probate Law. Today we have the pleasure of speaking with Steve Bliss, a renowned Escondido probate attorney, about the intricacies of estate planning.
Understanding Special Needs Trusts
Steve, thank you for joining us today. We know navigating estate planning can be complex. Could you shed some light on one type of trust that’s particularly important for families with loved ones who have disabilities?
“Certainly, Brenda. One crucial tool we utilize is the Special Needs Trust (SNT),” explains Steve Bliss. “These trusts are designed to provide financial support for individuals with disabilities without jeopardizing their eligibility for essential government benefits like Supplemental Security Income (SSI) or Medi-Cal.”
Protecting Eligibility for Benefits
“You see, Brenda,” Steve continues, leaning forward earnestly, “if a person with a disability receives an inheritance outright, it could exceed the asset limits set by these programs, leading to a loss of benefits. An SNT carefully safeguards their eligibility by holding assets in trust.”
He adds, “The trustee manages the funds and distributes them for the beneficiary’s supplemental needs, such as medical expenses, education, assistive technology, or recreational activities. The beneficiary doesn’t directly control the assets, ensuring they remain within program guidelines.”
First-Party vs. Third-Party Trusts
“There are two primary types of SNTs: first-party and third-party trusts. A first-party SNT is funded with the beneficiary’s own assets, often from a personal injury settlement or inheritance. Conversely, a third-party SNT is established and funded by someone other than the beneficiary, such as a parent, grandparent, or other family member”
“The choice between these types depends on individual circumstances,” Steve clarifies. “Our team works closely with families to determine the most suitable structure for their unique needs.”
Navigating Challenges
Steve pauses thoughtfully. “We’ve encountered situations where families initially thought a traditional trust would suffice, only to realize later that it could negatively impact their loved one’s benefits,” he shares.
“I recall working with the Ramirez family. Their son, Daniel, had cerebral palsy and relied on SSI. They wanted to leave him an inheritance but were worried about jeopardizing his essential healthcare coverage. We helped them establish a third-party SNT, ensuring Daniel’s financial security without compromising his access to vital benefits.”
The Importance of Expertise
According to the Special Needs Alliance, approximately 1 in 5 Americans has a disability, highlighting the widespread need for specialized estate planning.
Steve emphasizes, “Navigating the intricacies of SNTs requires a deep understanding of both trust law and government benefit regulations. It’s crucial to work with experienced attorneys who can guide you through the process and ensure your loved one’s well-being is protected.”
Peace of Mind for Families
“At Escondido Probate Law, we are dedicated to providing compassionate and comprehensive support to families navigating these sensitive matters. We strive to create customized solutions that address each individual’s unique needs and circumstances.”
“We believe everyone deserves peace of mind knowing their loved ones will be cared for,” Steve concludes sincerely. “Don’t hesitate to reach out to our team for a consultation. We are here to help you build a brighter future.”
Testimonials
“Steve Bliss and his team at Escondido Probate Law were invaluable in setting up a Special Needs Trust for my daughter. They explained everything clearly, answered all my questions patiently, and truly understood our concerns. I feel confident knowing she is well-protected”
– Maria Rodriguez
“I was overwhelmed trying to figure out how to provide for my grandson with autism without jeopardizing his government benefits. Steve Bliss at Escondido Probate Law made the process so much easier. He’s a true expert in Special Needs Trusts and genuinely cares about his clients.”
– Robert Chen
About Steven F. Bliss Esq. at Escondido Probate Law:
Escondido Probate Law is an experienced probate attorney. The probate process has many steps in in probate proceedings. Beside Probate, estate planning and trust administration is offered at Escondido Probate Law. Our probate attorney will probate the estate. Attorney probate at Escondido Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Escondido Probate law will petition to open probate for you. Don’t go through a costly probate call Escondido Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Escondido Probate Law is a great estate lawyer. Affordable Legal Services.
My skills are as follows:
● Probate Law: Efficiently navigate the court process.
● Probate Law: Minimize taxes & distribute assets smoothly.
● Trust Law: Protect your legacy & loved ones with wills & trusts.
● Bankruptcy Law: Knowledgeable guidance helping clients regain financial stability.
● Compassionate & client-focused. We explain things clearly.
● Free consultation.
Map To Escondido Probate Law: https://maps.app.goo.gl/77Dm2B8W9XkM5YvJA
Address:
Escondido Probate Law720 N Broadway #107, Escondido, CA 92025
(760) 884-4044
Feel free to ask Attorney Steve Bliss about: “Can a trust be contested?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Escondido Probate Law
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Escondido Trust Attorney |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Trust Attorney Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |
| Credible Trust Attorney in Escondido |
Escondido Probate Law 3914 Murphy Canyon Rd Suite A202, Escondido, CA 92123 (760) 884-4044 |