Experienced Special Needs Trusts Lawyer In West Palm Beach
Planning for the future is essential when caring for a loved one with disabilities. Special needs trusts allow families in West Palm Beach and throughout Palm Beach County to provide long-term financial security for individuals with disabilities while preserving their eligibility for government benefits.
At The Castro Law Firm, PLLC, attorney Taren L. Castro assists families with special needs planning, making sure that assets are managed appropriately to support their loved ones’ quality of life. With deep experience in Florida estate planning law, she provides tailored legal solutions to safeguard your family’s future.
What Is A Special Needs Trust, And Who Needs One?
A special needs trust is a legal arrangement designed to hold assets for a person with disabilities without affecting their eligibility for public assistance programs like Medicaid and Supplemental Security Income (SSI). Individuals who may benefit from a special needs trust include:
- Children or adults with disabilities receiving government benefits
- Families seeking to provide long-term financial security for a disabled loved one
- Individuals who may inherit assets but need to maintain eligibility for assistance programs
- Personal injury recipients who require benefit protection
A properly structured special needs trust better ensures that funds are available for housing, education, medical care and personal expenses without disqualifying the beneficiary from essential aid.
Types Of Special Needs Trusts
There are different types of special needs trusts, each serving a unique purpose. These include:
- First-party special needs trust
- Third-party special needs trust
- Pooled special needs trust
Selecting the right type of trust depends on factors such as asset sources, long-term goals and family circumstances.
Why Work With A Special Needs Trusts Lawyer?
A special needs trust lawyer helps ensure that the trust complies with Florida laws and federal benefit regulations. At The Castro Law Firm, PLLC, Taren L. Castro will:
- Draft and structure a trust that meets your loved ones’ needs
- Help ensure compliance with Florida and federal laws
- Coordinate the trust with other estate planning documents
- Provide guidance to trustees on managing trust assets responsibly
Working with an experienced attorney can help avoid costly mistakes that could jeopardize your loved one’s benefits or create unintended tax consequences.
Call For Legal Guidance On Special Needs Trusts
At The Castro Law Firm, PLLC, Taren L. Castro is dedicated to helping families in West Palm Beach and Palm Beach County navigate the complexities of special needs planning. To discuss your options, call 855-998-7570 or send an email today to schedule a consultation.