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so a lot of clients who come into our
office have who have loved ones with a
disability want to make sure that that
person is protected for their whole life
financially so what they’ll do is
they’ll incorporate a provision in their
trust or in their will leaving a larger
share of their estate to that person or
leaving a certain amount of money to
that person who has a disability
what they don’t understand is that that
could put the person who they love with
a disability at risk of actually losing
eligibility for those great programs and
services that Medicaid provides what we
do is we make sure that for any clients
who have a loved one with a disability
to build in something called a Special
Needs Trust into their estate plan and
that way if our clients want to leave a
bigger share or really anything to a
loved one with a disability they can
make sure that any inheritance to that
person with a disability goes into the
Special Needs Trust rather than going to
that person with a disability outright
because those two things really make the
difference about whether someone could
be eligible for Medicaid programs or not
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Chicago, IL estate planning & probate attorney SJ Chapman talks about how you can ensure your loved one with special needs will continue to receive Medicaid and Social Security after your death. She explains that many of our clients have loved ones with disabilities and want to ensure their long-term financial protection. However, leaving a larger share of their estate or a certain amount of money to that person in their will or trust could actually jeopardize their eligibility for Medicaid programs. To prevent this, we incorporate a Special Needs Trust into their estate plan. This allows our clients to leave a larger share or any inheritance to their loved one with a disability, without risking their eligibility for Medicaid. The funds are transferred into the Special Needs Trust instead of going directly to the beneficiary, which can make all the difference in whether they remain eligible for Medicaid programs or not.