[header] How to plan for a disabled heir [title] Find out if your heir gets government benefits. [step] Many disabled people receive benefits from the government. Common benefits include supplemental security income (ssi), medicaid, and other benefits.
[header] How to plan for a disabled heir [title] Find out if your heir gets government benefits. [step] Many disabled people receive benefits from the government. Common benefits include supplemental security income (ssi), medicaid, and other benefits.
You also may receive assets such as a social security fund (bmi) or a combination of both. [substeps] Think about if you have co-workers or coworkers who will contribute money. If they do, then you'll need to create an estate plan that doesn't cause your heir to lose those benefit. [substeps] Fortunately, you can create a " third-party settled special needs trust. A disabled heir may receive medicaid to cover the cost of supporting them. Some states do not pay for ssi. Taxes owed on health insurance, for example, can quickly feed into a disabled heir's debt. [substeps] Don't assume your heir can only receive government benefits if, for instance, your heir takes a job at an educational institution.