Special Needs Trust Attorney – Brookfield, WI.

A Special Needs Trust (SNT) attorney in Wisconsin is a legal professional who has the knowledge and experience to draft and administer special needs trusts for or on behalf of individuals with disabilities.  Special Needs Trusts, also referred to as Supplemental Needs Trusts, are designed to preserve assets for disabled beneficiaries while allowing them to maintain eligibility for government assistance programs, such as Medicaid & Supplemental Security Income (SSI). Carroll Estate Planning LLC in Brookfield Wisconsin, is a boutique law firm focused on providing individually focused estate planning advice and counsel.  We can explain the various types of special needs trusts and draft the documents necessary to preserve

Key Aspects of Special Needs Trust in Wisconsin:

• Preserves Assets & Receive Benefits:  Many disabled individuals are eligible for public assistance benefits to provide for their basic support such as food, housing and healthcare.  These government programs are means-tested, meaning that only individuals below certain asset levels are eligible.  A special needs trust or supplemental needs trust carves out assets so that they will not be counted when determining an individual’s entitlement to public benefits.

• Financial Security and Quality of Life: While public assistance programs provide for the basics, the assets of a special needs trust can and must be used to provide the beneficiary with things above and beyond basic needs.  The special needs trust assets can be used for life-enhancing goods and services that government programs do not provide.  This can include services such as specialized medical, psychiatric or dental treatment and private rehabilitative care but can go even further and provide spending money, vacations, technology and educational or vocational training.

Types of Special/ Supplemental Needs Trusts 

• Self-Settled Special Needs Trusts:  This is a special needs Trust that is funded with the beneficiary’s own assets.

• Third-Party Special Needs Trusts  This is a special needs trust or supplemental needs trust that is funded with assets from someone other than a beneficiary.  Parents of a disabled child can use a third-party supplemental needs trust as a tool within a comprehensive estate plan to give their child an inheritance that is used to provide life-enhancing benefits during the child’s lifetime and direct to whom any remaining assets should be distributed after the child’s death.
• Pooled Special Needs Trusts  Pooled special needs or supplemental needs trust can be funded by either the beneficiary or by someone else.  They are typically managed by a nonprofit organization and are very useful when there are smaller asset levels, there is difficulty in finding a qualified individual to manage the trust or there are other issues which make other types of special needs trusts unworkable.

Considering a Special Needs Trust?  Secure Your Family’s Future with Superior Estate Planning

At Carroll Estate Planning LLC, we understand the importance of protecting your loved ones and ensuring your wishes are honored.  We are experienced in drafting comprehensive estate plans tailored to your unique needs, including specialized solutions like Special Needs Trusts.  Attorney Douglas J. Carroll, Jr., will personally meet with you to get all of the relevant information, explain your options and ensure that your special needs trust accomplishes your goals, complies with all relevant laws and regulations and protects the financial future of the beneficiary.

Take the first step towards peace of mind. Schedule your free consultation today and let us help you secure your family's future.

Call us now at (262) 432-7301 or fill out our online contact form to book your appointment.

Why Choose Us?

• Personalized estate planning solutions
• Experienced in Special Needs Trusts
• Compassionate and knowledgeable attorneys
• Convenient location in Brookfield, WI