If there is a person in your family with a mental illness or disability that keeps them from being self-supportive, you should know that there are certain legal tools available for safeguarding the long- and short-term needs of your family member. At Mary Ann Covone, P.C. Attorney at Law, we have assisted many clients throughout the greater Chicago area with special needs planning for their disabled family members.
Our special needs planning attorney can offer invaluable legal assistance for protecting your loved one with a disability. Whether you want to make sure care is provided to your loved one on a daily basis or your goal is to accommodate them financially, Mary Ann Covone can help you.
Special Needs Trusts in Illinois
Our law firm puts time and energy in assisting families to plan for their children or adult family members, who already are or may become disabled in the near future and need special protection. With the help of asset planning, special needs trusts, and coordination of public and private resources, our attorney makes it possible to tap into kinds of resources and improve the quality of life for your loved one.
Special needs trusts are designed to make a disabled person eligible to receive current and future public benefits, whilst enabling them to access additional funds for covering costs that aren’t included in those benefits. Having a special needs planning attorney, who is knowledgeable and experienced in the practice area, to outline a plan for your loved one with special needs is crucial for continued healthcare and their well-being.
A special needs trust can cover a wide range of expenditures for enhancing the quality of life, such as:
- Regular checkups at a healthcare facility
- Out-of-pocket dental and medical expenses
- Special dietary needs
- Funds for vacations or trips
- Supplemental tutoring and education
- Transportation and vehicle maintenance expenses
- Attending religious services
- Financing entertainment, such as ballgames, shows, or movies
- Personal care escort or attendant
- Buying things for a recreational activity
- Buying goods and services for pleasure that elevates the quality of life, like electronic devices, furniture, etc.
Experienced Special Needs Planning Attorney Ready to Help
In some cases, family members of a disabled adult or child want to give money for food, clothing, recreation, and other living expenses. They have the intention of providing money to their loved one so they can have a proper standard of living, but doing so may render them ineligible for Medicaid or Social Security Disability benefits.
At Mary Ann Covone, P.C. Attorney at Law, we work closely with our clients and create a special needs trust, allowing their loved one to receive monetary assistance without depriving them of the benefits from government programs. Addressing special needs planning and guardianship can make a great difference if done in a timely manner.
With our skilled legal counsel and assistance, you can develop a plan which provides you with more options well before you encounter an emergency situation and save you hundreds of dollars. We have deep knowhow of the processes involved in creating special needs trusts for disabled individuals, and can guide you through each of them with compassion and care.
Contact an Illinois Estate Planning Attorney Today
For more information about how Mary Ann Covone can help you with special needs planning, call today at (708) 2464911 for a consultation.