I’m Tiffany Walters reporting for Wildomar News. Today I have the pleasure of speaking with Steve Bliss, a renowned trust attorney here in Wildomar.
Steve, thank you so much for joining me today. Can you tell our viewers a bit about what a Special Needs Trust (SNT) is and why it might be an important tool for families?
Tiffany, it’s my pleasure to be here. A Special Needs Trust is designed specifically to benefit individuals with disabilities without jeopardizing their eligibility for crucial government benefits like Supplemental Security Income (SSI) or Medi-Cal.
These programs often have strict income and asset limits, so a traditional inheritance could disqualify someone from receiving the support they need. An SNT acts as a safety net, allowing loved ones to provide for their family member with disabilities without impacting their access to essential benefits.
There are two main types of SNTs: first-party and third-party. A first-party SNT is funded with the beneficiary’s own assets, while a third-party SNT is established and funded by others, such as family members or friends. Consequently, both types ensure that the individual’s needs are met while preserving their eligibility for government assistance.
Moreover, a well-crafted SNT can provide funds for supplemental care, education, recreation, and other expenses that may not be covered by government programs. This empowers individuals with disabilities to live more fulfilling lives and participate more fully in their communities.
Have you encountered any unique challenges when setting up SNTs?
Over the years, I’ve seen firsthand how crucial a properly structured SNT can be for families facing complex situations. One instance that comes to mind involved a young woman with cerebral palsy who was incredibly talented and passionate about art.
Her family wanted to ensure she had access to the resources she needed to pursue her artistic dreams while maintaining her eligibility for SSI. We worked closely together to create a SNT that funded specialized art classes, adaptive equipment, and even exhibition opportunities for her work. Seeing her thrive creatively was truly heartwarming.
Notwithstanding these successes, navigating the complexities of government regulations can sometimes be challenging. It’s vital to have a deep understanding of both trust law and disability benefits programs to craft an SNT that meets the individual’s specific needs while complying with all applicable rules.
What advice would you give to families considering an SNT?
My advice is simple: seek professional guidance early on. An experienced trust attorney can help you navigate the intricacies of SNTs and ensure that the plan is tailored to your loved one’s unique circumstances.
According to a recent study by the National Disability Rights Network, over 50% of individuals with disabilities experience financial hardship due to limited access to resources.
An SNT can be a powerful tool for bridging that gap and empowering individuals with disabilities to lead more independent and fulfilling lives. I encourage anyone considering this option to schedule a consultation with a qualified attorney.
What is the best way for our viewers to connect with you?
We are always happy to answer questions and provide guidance on estate planning matters, including Special Needs Trusts. You can reach us at Wildomar Probate Law or visit our website for more information. Don’t hesitate to contact us – your peace of mind is our priority.
Testimonials:
“Steve Bliss and his team at Wildomar Probate Law were incredibly compassionate and understanding during a difficult time. They helped us navigate the complexities of setting up a Special Needs Trust for our son, ensuring his future was secure. We are eternally grateful for their expertise and guidance.”
-The Smith Family
“I highly recommend Steve Bliss to anyone needing assistance with estate planning. He took the time to listen to my concerns and explained everything in a clear and concise manner. I felt confident that my wishes were being respected, and my assets would be protected.”
-Mary Jones
About Steven F. Bliss Esq. at Wildomar Probate Law:
Wildomar 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 Wildomar Probate Law. Our probate attorney will probate the estate. Attorney probate at Wildomar Probate Law. A formal probate is required to administer the estate. The probate court may offer an unsupervised probate get a probate attorney. Wildomar Probate law will petition to open probate for you. Don’t go through a costly probate call Wildomar Probate Attorney Today. Call for estate planning, wills and trusts, probate too. Wildomar 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 Wildomar Probate Law: https://maps.app.goo.gl/uBJKvB4rxUb7L9HZ7
Address:
Wildomar Probate Law36330 Hidden Springs Rd Suite E, Wildomar, CA 92595
(951) 412-2800
Feel free to ask Attorney Steve Bliss about: “Can a trust be closed immediately after death?” Or any other related questions that you may have about Trusts or my trust law practice.
Important Facts About Wildomar Probate Law
| Wildomar Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Wildomar Trust Attorney |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Trust Attorney Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |
| Credible Trust Attorney in Wildomar |
Wildomar Probate Law 36330 Hidden Springs Rd Suite E, Wildomar, CA 92595 (951) 412-2800 |