Lubbock Special Needs Trust Attorneys

Special needs families have many rewards, but they face several challenges as well. One of those is preparing for a special needs loved one’s care after you are gone.

A special needs trust could be the answer. A lawyer can help you learn more and find out if it’s what your family needs.

In Texas, a special needs trust is like a savings account for someone with a disability. It lets them save money for their needs without losing their government benefits. It can even protect their assets from certain creditors.

A Lubbock special needs attorney can ensure your loved one can afford the care they deserve in the future with a special needs trust.

Why Choose our Lubbock Special Needs Attorneys?

Why Choose our Lubbock Special Needs Attorneys?

We at Beck Law Firm have skilled and loyal attorneys to help you. Living in Lubbock is unique, and we understand your needs. Our skill makes us different, and we provide outstanding service for your special needs trust.

Meet Sam Hawthorne: a reliable professional in tax and estate planning. Sam is a highly qualified lawyer with tax law and estate planning & probate law certifications from the Texas Legal Specialization Board.

He stays updated on Lubbock special needs trust rules and has the know-how to ensure your special needs loved one has a trust you can count on.

Sam is also a Certified Public Accountant (CPA) recognized by the Texas Board of Public Accountancy. His areas of skill cover business and tax law, estate planning, wills, probate, trusts, and estate laws.

Meet Andrew Beck: a dependable lawyer who concentrates on business, estate, and health matters. He graduated with top honors from Texas Tech University School of Law and is proficient in business law, estate planning, health law, and commercial transactions.

Andrew is exceptionally knowledgeable about healthcare laws, so you can trust him to handle your special needs trust.

Meet Kristen Beck-Perez: a skilled professional in legal and financial matters. She’s a highly qualified Texas attorney with the added advantage of being a licensed Certified Public Accountant (CPA), which makes her especially good at dealing with the complicated financial aspects that can come up when planning for the end of life.

Kristen is great at estate planning and managing trusts and estates. She’s remarkably talented at creating personalized plans for comprehensive estate planning and helping clients navigate the complexities of living wills, advanced directives, and trust and probate administration.

When you choose the Beck Firm, you get a team of highly qualified legal professionals deeply committed to your success.

We provide comprehensive solutions and invaluable guidance for estate planning, living wills, and trusts. Your legal needs are our priority, and we are here to serve you with integrity.

We provide an easily accessible Lubbock office at 4910 Lakeridge Drive, right behind the TruFit Athletic Club on 82nd Street. Please stop by to schedule a consultation so we can discuss your options with a special needs trust.

What Special Needs Trusts Are Available?

What Special Needs Trusts Are Available?

Some common types of special needs trusts in Texas include:

  • Third-Party Special Needs Trust (Discretionary Trust): A family member or guardian must create this trust to benefit a disabled person.
  • First-Party Special Needs Trust (Self-Settled Trust): The assets of the disabled individual fund this trust. It could be with an inheritance, lawsuit settlement, or personal injury award.
  • Pooled Trust: Nonprofit organizations manage pooled trusts. They combine the assets of multiple individuals with disabilities for investment purposes. Every beneficiary has an account within the trust, and the trust funds cover their supplemental needs, including housing, food, healthcare, and living expenses.
  • ABLE Account: An Achieving a Better Life Experience (ABLE) account is a tax-advantaged savings account with annual contribution limitations for disabled individuals. It allows them to save and invest money without affecting their eligibility for Supplemental Security Income (SSI) and Medicaid.
  • Miller Trust (Qualified Income Trust): This type of trust is explicitly used for Medicaid eligibility when an individual’s income exceeds the allowable limit. It allows excess income to be placed in the trust, ensuring the individual remains eligible for Medicaid coverage.

Consult with an attorney experienced in special needs planning to determine which type of trust is most appropriate for your specific situation, as the rules and regulations governing these trusts are complex and vary depending on the circumstances.

Please don’t wait until it’s too late. Secure your future with Beck Law Firm, your compassionate partner in special needs trusts.

Call us today. We provide an easily accessible Lubbock office.

Does a Special Needs Trust Protect My Loved Ones’ Assets From Creditors?

Does a Special Needs Trust Protect My Loved Ones’ Assets From Creditors?

A special needs trust is like a safety net for your loved ones with disabilities. It helps protect their money from people or organizations they owe. The person in charge of the trust (the trustee) decides how to spend the money, but they must follow specific rules.

If the person getting the trust money also gets Social Security SSI, they must use that before using it. This trust also stops certain people from taking money from it.

So, it gives the person some protection for their money and lets them use the trust money to improve their life, on top of what they get from SSI.

We’re Here to Help

We’re Here to Help

We understand the importance of your special needs trust and are here to help you navigate the legal intricacies. Whether creating a trust or addressing advanced directives, we have the skill and experience to guide you every step of the way.

Please don’t wait until it’s too late. Secure your future with Beck Law Firm, your compassionate partner in special needs trusts.

Call us today at (806) 702-7909. We provide an easily accessible Lubbock office.

We make your well-being our top priority, and we are here to support you with excellence and integrity. Contact us today to take the first step towards peace of mind and protection for you and your loved ones.

Contact Us to Schedule Your Consultation

Contact Us to Schedule Your Consultation

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