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Parent Emeritus
does anyone's child/young adult have a special needs trust?
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<blockquote data-quote="Momslittleangels" data-source="post: 231225" data-attributes="member: 905"><p>The other issue you might want to run by your lawyer is whether or not he can officially keep this money segregated for purposes of qualifying for SSI and Medicaid. The government only allows limited assets to continue that qualification and even if it is in your name as guardian, they still might consider it HIS assets. My oldest ran into that with a structured settlement she has been receiving since 18. She gets chunks of money every few years until she reaches 25 and they look at those assets.</p><p></p><p>Good luck!</p></blockquote><p></p>
[QUOTE="Momslittleangels, post: 231225, member: 905"] The other issue you might want to run by your lawyer is whether or not he can officially keep this money segregated for purposes of qualifying for SSI and Medicaid. The government only allows limited assets to continue that qualification and even if it is in your name as guardian, they still might consider it HIS assets. My oldest ran into that with a structured settlement she has been receiving since 18. She gets chunks of money every few years until she reaches 25 and they look at those assets. Good luck! [/QUOTE]
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does anyone's child/young adult have a special needs trust?
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