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{"id":12360,"date":"2014-01-31T19:54:59","date_gmt":"2014-01-31T19:54:59","guid":{"rendered":"http:\/\/www.seonewswire.net\/2014\/01\/what-is-a-special-needs-trust-when-is-it-needed-in-a-personal-injury-case-and-how-does-it-operate\/"},"modified":"2014-01-31T19:54:59","modified_gmt":"2014-01-31T19:54:59","slug":"what-is-a-special-needs-trust-when-is-it-needed-in-a-personal-injury-case-and-how-does-it-operate","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2014\/01\/what-is-a-special-needs-trust-when-is-it-needed-in-a-personal-injury-case-and-how-does-it-operate\/","title":{"rendered":"WHAT IS A SPECIAL NEEDS TRUST? WHEN IS IT NEEDED IN A PERSONAL INJURY CASE AND HOW DOES IT OPERATE?"},"content":{"rendered":"

Frequently, in the settlement of a personal injury case the plaintiff is receiving a large settlement.\u00a0 Often, the same plaintiff has significant financial and medical needs that can be met through public benefits.\u00a0 The purpose of a Special Needs Trust is to enable the disabled beneficiary to enjoy the proceeds of the personal injury settlement while at the same time maintaining important public benefits, such as SSI and Medicaid.\u00a0 Some public benefits are means-tested, which means that there are income and asset limits.\u00a0 Other public benefits are not means-tested, which means that the injured plaintiff can have money.<\/p>\n

<\/p>\n

What public benefits are means-tested?<\/b><\/p>\n

\n
SSI \u2013 SSI is an income stream.\u00a0 In 2013, the income will be $710 per month.\u00a0 In addition, some states provide a supplement.\u00a0 There is an asset limit of $2,000 for an individual and $3,000 for a married couple.\u00a0 Unearned income reduces the benefit dollar-for-dollar.\u00a0 Earned income reduces the benefit (more…)<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
Frequently, in the settlement of a personal injury case the plaintiff is receiving a large settlement.\u00a0 Often, the same plaintiff has significant financial and medical needs that can be met through public benefits.\u00a0 The purpose of a Special Needs Trust…<\/span><\/p>\n
Read more ›<\/a><\/div>\n
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