Are you or someone you love getting disability benefits through the government? Are you about to get aninheritance? You may need to consider a special needs trust or you could risk losing your entitlements. Do you know what a special needs trust can accomplish in West Palm Beach? You may want to learn about this recent case in London where a man is losing his entitlements (and facing an English probate court) because he failed to declare his inheritance.
Right to Entitlements
- If you are getting entitlements, disability income or social security payments in West Palm Beach, listen up.
- Your entitlements are contingent on your assets.
- Not just how much you are making in wages and work, etc.
- So if you get a large inheritance you could lose your right to keep getting entitlements.
- Is there any solution to this in West Palm Beach?
Special Needs Trusts
- Luckily for you there are solutions to this problem.
- The West Palm Beach probate courts and others have long recognized the importance of a so called special needs trust.
- These are drafted by Palm Beach trust lawyers in a special way so that the trust funds are not considered an asset for the individual.
- Do you see why this is so important?
- It keeps the entitlements coming.
Man in England Ends up With a Jail Sentence for an Inheritance
- A 33 year old man in England ended up with a suspended jail sentence after getting an inheritance!
- Investigators discovered he had received an inheritance that he had not disclosed to the agency in charge of entitlements.
- The truth is that a good probate lawyer may have been able to help this guy, a lot.
- He may have been eligible for a special needs trust so that he could quite literally, have his cake and eat it too.
- Are you subject to entitlement rules that measure your assets?
- Talk to an experienced Palm Beach probate litigator today to discover whether or not a special needs trust is right for you or a loved one.
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