Reporter Samantha Jones
Good evening, Moreno Valley! I’m Samantha Jones here with Steve Bliss, a respected probate attorney serving our community. Steve, thanks for taking the time to talk with me today.
Steve Bliss: It’s my pleasure to be here.
Today, we’re going to discuss estate planning and the different types of trusts available. Steve, could you explain the benefits of a Special Needs Trust?
Trusts for Loved Ones with Disabilities
A Special Needs Trust, or SNT, is designed specifically to benefit individuals with disabilities without jeopardizing their eligibility for essential government benefits like Supplemental Security Income (SSI) and Medi-Cal. It’s a powerful tool that allows families to provide financial support to loved ones with special needs while ensuring they continue to receive the crucial assistance they rely on.
There are two primary types of SNTs: first-party and third-party. A first-party SNT is funded using the assets of the beneficiary with disabilities, while a third-party SNT is established and funded by family members, friends, or other individuals who wish to support the beneficiary.
The trust funds can be used for a wide range of purposes that enhance the beneficiary’s quality of life, such as:
- Supplemental medical care
- Adaptive equipment and technology
- Educational or vocational training
- Recreational activities and hobbies
Consequently, an SNT can provide peace of mind for families knowing their loved one with disabilities will have access to the resources they need while maintaining eligibility for vital government benefits.
Overcoming Challenges: Real-Life Experiences
Steve, have you encountered any particular challenges when setting up Special Needs Trusts?
Navigating Complexities with Empathy
Setting up a Special Needs Trust requires careful consideration and attention to detail. One instance I recall involved a family struggling to determine the best type of SNT for their daughter with autism. They were concerned about potential tax implications and how the trust would interact with her existing government benefits.
After thoroughly reviewing their situation and discussing their goals, we decided on a third-party SNT funded by contributions from family members. This structure allowed them to provide financial support for their daughter’s future needs without impacting her eligibility for SSI or Medi-Cal. Witnessing the relief and gratitude on their faces was incredibly rewarding.
Moreover, it underscored the importance of clear communication, empathy, and a deep understanding of the complexities surrounding Special Needs Trusts.
Testimonials
“Steve Bliss made the process of setting up a trust for my son so much easier. He explained everything in plain English and answered all of our questions patiently.” – Maria Sanchez, Moreno Valley Resident
“I highly recommend Moreno Valley Probate Law. Steve is a compassionate and knowledgeable attorney who truly cares about his clients.” – John Smith, Moreno Valley Resident
Peace of Mind for Your Family’s Future
Steve, what advice would you give to our viewers considering estate planning?
Seeking Guidance for the Future
Estate planning is essential for everyone, regardless of age or income. It allows you to protect your assets, ensure your wishes are carried out, and provide for your loved ones in the future. Don’t wait for a crisis; start planning today! Contact us at Moreno Valley Probate Law for a free consultation and let us help you create a plan that meets your unique needs.
About Steven F. Bliss Esq. at Moreno Valley Probate Law:
Moreno Valley 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 Moreno Valley Probate Law. Our probate attorney will probate the estate. Attorney probate at Moreno Valley Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Moreno Valley Probate law will petition to open probate for you. Don’t go through a costly probate call Moreno Valley Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Moreno Valley 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 Moreno Valley Probate Law: https://maps.app.goo.gl/C7zg2U6pn1B6KyXN8
Address:
Moreno Valley Probate Law23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553
(951) 363-4949
Feel free to ask Attorney Steve Bliss about: “What assets should not go into a trust?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Moreno Valley Probate Law
| Moreno Valley Estate Attorneys |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorneys Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorneys |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Moreno Valley Estate Attorneys |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Estate Attorneys Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |
| Credible Estate Attorneys in Moreno Valley |
Moreno Valley Probate Law 23328 Olive Wood Plaza Dr suite h, Moreno Valley, CA 92553 (951) 363-4949 |