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Will your loved one with a disability still be able to enjoy the same quality of life that he or she now enjoys? Planning for his or her future requires your thoughtful attention.
Providing support for people with disabilities requires special financial planning. Decisions will reflect concerns and hope for the future as well as the thoughtful arrangement of resources.
The only reliable method of making sure that the inheritance will reach your loved one when he or she needs it, is through a legal device known as the Special Needs Trust. A Special Needs Trust will mean the difference between receiving services that meet the essential needs and a life that includes enrichment, medical needs, dental care, eye care, nursing care, and the extra care public support programs cannot provide. The intention of the Commonwealth Community Trust is not to replace government programs, but to supplement them while preserving the individual's eligibility for entitlement benefits.
Participation in the CCT can be coordinated with the family's estate plan, including a review of the titling of assets, insurance and retirement plan beneficiary designations, guardianship needs, personal care and advocacy issues. When appropriate, CCT will collaborate with your attorney to make the best arrangement for your loved one.