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{"id":16230,"date":"2016-12-02T08:00:35","date_gmt":"2016-12-02T08:00:35","guid":{"rendered":"http:\/\/www.seonewswire.net\/2016\/12\/decanting-an-irrevocable-trust-to-protect-public-benefit-eligibility\/"},"modified":"2016-12-02T08:00:35","modified_gmt":"2016-12-02T08:00:35","slug":"decanting-an-irrevocable-trust-to-protect-public-benefit-eligibility","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2016\/12\/decanting-an-irrevocable-trust-to-protect-public-benefit-eligibility\/","title":{"rendered":"Decanting an Irrevocable Trust to Protect Public Benefit Eligibility"},"content":{"rendered":"
Unintended consequences can occur when people fail to consider the effect of a plan on persons with special needs. Estate planners who are unfamiliar with public benefits may unintentionally create plans that can wreck a beneficiary\u2019s eligibility for SSI, Medicaid and other means-tested public benefits, resulting in a loss of income, healthcare coverage, housing, etc. Most often, this is the result of just failing to plan around a disability, for whatever reason, or attempting to plan around that disability. However, by creating a trust that by its terms provides \u201csupport and maintenance\u201d or some other mandatory distribution scheme that makes the trust, in whole or in part, an available resource to the beneficiary, public benefit eligibility can become at risk.<\/p>\n

Consider this example. Your mother created a Revocable Living Trust which divides one share of the trust among her then-living grandchildren, to be held in further trust for their benefit until they (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Unintended consequences can occur when people fail to consider the effect of a plan on persons with special needs. Estate planners who are unfamiliar with public benefits may unintentionally create plans that can wreck a beneficiary\u2019s eligibility for SSI, Medicaid…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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