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Special Needs Trust Based in Newport News, Virginia

The law firm of Walter N. Thorp, Esq., based in Newport News, Virginia, handles special needs trusts for people who get public benefits such as Medicaid or SSI. Contact us today for more information.

Special Needs Trust

There are 2 tests that are given to qualify for a public benefits program. One is an income test and the other is an asset test. People with disabilities may have assets above $2,000 to qualify for Medicaid or SSI.
This is for someone with a disability or someone who is mentally challenged, and there is a specific part of the law that would enable them to have a share of an estate when it is provided by the trustee. A special needs trust is a mechanism that can stretch the usefulness of monies received.

Peace of Mind

People with disabilities such as MS can live long lives, into their 50s or 60s, and this can be stressful for parents who are getting older. Parents worry about who will take care of the child, whether they can work or get the training they need. The biggest worry is what will happen to the child when the parents are gone.
A special needs trust provides peace of mind for parents who may leave handicapped children behind. We make sure the trust is a practical solution for parents and their children.
Legal Documents, Special Needs Trust in Newport News, VA
Contact us today in Newport News, Virginia, to learn more about setting up a special needs trust.