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The Potter Law Firm

North Carolina and Kentucky Estate Planning Attorneys

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Home » Special Needs Planning

Do You Need to Incorporate Special Needs Planning into Your Estate Plan?

February 16, 2022 by John Potter

Huntersville special needs planning attorney

As the parent of a child with special needs, you understand the joy these children can bring to a family and the everyone around them. You may also worry about your child’s future in general and especially about that future if something happens to you. The good news is that many children with special needs live independent lives as adults; however, as a parent you may still want to ensure your child has your financial support even after you are gone. A Huntersville special needs planning … [Read more...] about Do You Need to Incorporate Special Needs Planning into Your Estate Plan?

Filed Under: Special Needs Planning

How Can a Special Needs Trust Trustee Use the Funds?

April 2, 2021 by Pamela Potter

special needs trust

A special needs trust can make the life of a person with a disability much more comfortable, and the trustee has wide latitude with regard to the nature of the expenditures. We will provide the details here, but first, we will share an overview to provide context. Need-Based Benefits Clearly, people with physical or cognitive challenges can need expensive healthcare throughout their lives. Most Americans get health insurance through their employers, but many of these folks are unable to work … [Read more...] about How Can a Special Needs Trust Trustee Use the Funds?

Filed Under: Special Needs Planning Tagged With: Medicaid estate recovery, Special Needs Trusts

An Overview of SSDI and SSI

March 24, 2021 by John Potter

special needs planning

Acronyms that sound similar can be confusing, and there are plenty of them in the elder law and estate planning realm. In this post, we will provide clarity with regard to Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). SSDI When you work and pay FICA taxes, you earn retirement credits that lead to eligibility for Social Security and Medicare. This year, you get one credit for every $1470 that you earn, and the maximum annual accrual is four … [Read more...] about An Overview of SSDI and SSI

Filed Under: Special Needs Planning Tagged With: Special Needs Planning, SSDI, SSI

Preserve Benefits With a Supplemental Needs Trust

April 10, 2019 by John Potter

supplemental needs trust

When you plan your estate, you are naturally going to evaluate the assets that you have to pass along to your loved ones and decide how to go about doing it. On the other side of the coin, it is also important to consider the life situation of each person on your inheritance list. With this in mind, we will look at the value of supplemental needs trusts in this blog post. Need-Based Benefits If there is someone with special needs that you would like to provide for in your estate plan, you have … [Read more...] about Preserve Benefits With a Supplemental Needs Trust

Filed Under: Special Needs Planning Tagged With: Special Needs Planning, supplemental needs trust

Medicaid Eligibility Is Not Necessarily Permanent

March 16, 2016 by John Potter

There are numerous different ways to facilitate postmortem asset transfers. You should explore all of your options when you are devising an estate plan so you can provide for each person on your inheritance list in the ideal fashion. Different people in your family are going to be in different life situations, and you should give the matter careful consideration. If you act in an uninformed manner, you could make mistakes that result in negative consequences. With the above in mind, we will … [Read more...] about Medicaid Eligibility Is Not Necessarily Permanent

Filed Under: Special Needs Planning

Special Needs Planning: Preserving Income

January 1, 2016 by John Potter

There is no cookie-cutter, one-size-fits-all estate plan. Each situation is different, and the people that you love are all going to be in different life situations. You should take the right steps to make sure that each individual on your inheritance list is provided for in the optimal manner. With this in mind, let's look at special needs planning and the preservation of income. Government Benefit Eligibility Many people with special needs are enrolled in government benefit programs that are … [Read more...] about Special Needs Planning: Preserving Income

Filed Under: Special Needs Planning

Can an Inheritance Cause a Loss of Government Benefits?

December 4, 2015 by John Potter

Leaving someone an inheritance should be a positive thing on every level. However, there are different ways to go about it, and leaving a direct lump sum inheritance to everyone on your list is not always a good idea. With this in mind, let's look at people with special needs and the government benefit programs that they often rely upon. Medicaid and Supplemental Security Income Health insurance is obviously essential for people with special needs, and Medicaid is often the source. This … [Read more...] about Can an Inheritance Cause a Loss of Government Benefits?

Filed Under: Special Needs Planning

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Testimonials

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Overall The Potter Firm was very professional. They took what could of been a very complicated process and were able to break it down so it was a lot easier to understand. We are confident we now have made the right decisions in our estate planning. Good firm to work with.

DKS & KMS Client Review August 28, 2020

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John Potter has been a real pleasure to work with. He is very knowledgeable and explains things in a very simplistic manner so the average person can understand how/why the laws are written. He is very attentive and asks questions in such a way that not only helps him understand your goals, but also helps you think about what type of goals and expectations you should be considering. Exemplary client service.

David J. Client Review August 28, 2020

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My husband and I selected Ms. Potter to assist with our small business. She responsive and attentive every time I have a question or need assistance, and is extremely knowledgeable and able to answer any legal question I have had. I know I can count on Ms. Potter for all of my business legal needs and I would highly recommend her to anyone needing legal assistance with such.

Jillian Client Review August 28, 2020

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Ashland, KY 41101-7631
Phone: (606) 324-5516
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15720 Brixham Hill Avenue
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