Service for Professionals
Whether you are an attorney, a financial advisor, estate planner, or other professional who serves people living with a disability, providing trustee services for Special Needs Trusts may fall outside your core competency. Even if your firm agrees to serve as trustee, your staff may not have the expertise required to protect the trust beneficiary’s eligibility for public assistance programs.
If you are an attorney who specializes in mass torts, the stakes are even higher. Attorneys have an obligation to advise clients with long-term disabilities about the impact of settlements on their eligibility for Medicaid and other public benefits, which are essential resources for those who face ongoing medical care.
Vista Points offers the support you need to provide your clients with the guidance they deserve. Trust Vista Points to connect you to specialized legal expertise that will help minimize your professional liability.
Can a Special Needs Trust Help Your Client?
A Special Needs Trust is a legal contract under Federal law, in which someone (trustee) agrees to hold assets (money and/or property) for the benefit of a disabled individual. This type of trust provides people living with a disability with resources that can be used to pay for special or supplemental needs while preserving his or her eligibility for government benefits, particularly Supplemental Security Income (SSI) and Medicaid. Trust funds can be used for medications, non-essential medical care, comfort services, companion services, entertainment, electronic equipment and personal care services without risking the loss of public benefits.
Your client may be a good candidate for a Special Needs Trust if he/she is disabled and has experienced any of the following:
— Inheritances and gifts can jeopardize eligibility for government benefits, forcing the person living with a disability to use the newly acquired assets to finance all needed health-related and living expenses.
— Assets received in divorce settlements can disqualify a person living with a disability from public benefits.
Personal Injury Settlements
— Many people live with a disability caused by an accident or injury. A personal injury settlement may disqualify a person living with a disability from government assistance.
Selecting a Professional Trustee
Serving as a trustee of a special Needs Trust is a demanding and complex job that may span many years. Adults living with a disability caused by an injury or illness and parents of children living with a disability need the protection a Special Needs Trust offers in order to preserve settlements and other assets. Vista Points can provide the assurance of professional trust management and trustee services with understanding of a beneficiary’s special needs.
Providing Peace of Mind
What is quality of life worth? It is priceless!
With properly designed trusts, clients receive the peace of mind that comes from knowing that their assets are safe and loved ones are provided for.
They also receive:
The ability to set aside funds for a disabled child
A secure and comfortable lifestyle for people living with a disability
Less burden on other family members
Protection for inheritances and personal injury settlements
The ability (in certain situations) to leave assets to other family members upon the beneficiary’s death
Know what you are risking by not taking advantage of the protection offered by a Special Needs Trust. Vista Points, Inc. can connect you to the resources to establish a Special Needs Trust, all with your clients’ specific and individual needs in mind.