Posted by billyho on March 23, 2012, at 22:27:04
In reply to Re: Special Needs Trust, posted by PeterJ on March 22, 2012, at 19:10:41
> What Scott says is correct. One must have a special needs trust to continue to qualify for SSI and Medicaid. It is true that special needs trusts are often set up for people who are developmentally disabled ("unable to count") but that is not their only purpose.
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> I've talked to an experienced lawyer and I have a good grasp of the legalities of such trusts. What I am looking for are experiences of persons who have lived with such trusts. For example, expenditures from such a trust have to be overseen by a trustee, and I don't know how onerous and restrictive that is in practice.
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> PeterI am in the process of having a special needs trust set up so i can take care of my cousin who has CP for when my aunt passes... It is stressful to say the least. Would it be a family member who will be in charge or an "advocate" set up by the trust administers? I would think you wouldn't have a problem with a close family member but then again I am only in the process of setting up the trust.
poster:billyho
thread:1013496
URL: http://www.dr-bob.org/babble/20120316/msgs/1013752.html