By Thomas D. Begley, Jr., CELA<\/p>\n

When a personal injury victim receives a settlement, one of the biggest post-settlement problems is making the money last. If the plaintiff is receiving means-tested public benefits, the monies must be put in a Special Needs Trust. How long do the beneficiary and other family members need that money to last? When the size of the settlement is significant, best practices would dictate that a three-step process be followed:<\/p>\n

Counseling Session.<\/em> \u00a0A counseling session should be held with the person with disabilities, the family members, if appropriate, the trustee, the attorney drafting the Special Needs Trust and the Personal Injury attorney, if necessary. At that point. a discussion should be held as to\u00a0what the immediate needs of the beneficiary arc. Typically these would include a home, a vehicle, a vacation and repayment of debt. During the counseling session a budget should be prepared for the plaintiff’s living (more…)<\/span><\/a><\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
By Thomas D. Begley, Jr., CELA When a personal injury victim receives a settlement, one of the biggest post-settlement problems is making the money last. If the plaintiff is receiving means-tested public benefits, the monies must be put in a…<\/span><\/p>\n
Read more ›<\/a><\/div>\n
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