Special Needs Planning

Special Needs Planning

The Autonomy Group Legacy Planning, PC has experience serving familes with a special needs loved one. Most families are unaware of the options available to them when planning for a special needs loved one. If a child with special needs recieves an inheritance like Uniform Transfer to Minor Acts (UTMA) accounts, investments, retirement plan benefits, an insurance policy or annuity they will likely have a reduction or elimination of public benefits. Because of this, some parents make the difficult decision to disinherit their special needs children. Special Needs Planning can solve this problem. Through a Special Needs Trust (SNT) a parent or grandparent can transfer assets into trust with a third party trustee for the benefit of the beneficiary with a disability who has no control over disbursements from the trust.

A Special Needs Trust is a trust that can supplement the needs of a special needs beneficiary while allowing the beneficiary to maintain his or her governmental benefits, including Supplemental Security Income (SSI), Social Security and Medicaid. With medical advancements, persons with disabilities are living longer and public benefits are often necessary, yet there is no guarantee that public benefits will provide adequate resources over the disabled person’s lifetime, or that existing public agencies will continue to provide acceptable services and advocacy over a disabled person’s lifetime.

Contact the Autonomy Group Legacy Planning, PC to learn the best way to plan for and protect your loved ones with special needs.

Office Address

By Appointment Only

331 East Main Street, Suite 200

Rock Hill, SC 29730

Mailing Address

P.O. Box 10431, Rock Hill, SC 29731

info@taglegacyplanning.com

803.262.0442 | Fax 803.828.7779

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