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Gaughan & Connealy Estate Planning Attorneys

Creating Comprehensive Estate Plans in Kansas & Missouri

Connect with us today(913) 262-2000

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What is the purpose of a Special Needs Trust?

May 1, 2019

A Special Needs Trust is the principal component of every special needs plan.  The financial resources necessary to continue proper care for your child can be placed in a Special Needs Trust where they remain safe from lawsuits and creditors.  A Special Needs Trust also guarantees that the funds you have set aside will not be considered financial assets that would affect your child’s eligibility for government benefits.  For example, a Medicaid applicant cannot have more than $2,000 in assets in order to qualify for benefits. The assets transferred to a Special Needs Trust are not counted by Medicaid.

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Testimonials

“Chris and his staff were awesome to work with. I felt like I was their only client with the personal attention and time they spent with me setting up a trust. Chris did an excellent job of making sure I understood everything I needed to and things were being set up for our families specific needs and desires. I look forward to having Chris continue to be our estate planning attorney.”
jan–
“Chris and his staff have been very accommodating, answering every question, e-mail or phone call in a timely manner. They made our Estate planning easy and comfortable-no question unanswered or looked down upon. Thank you, all.”
glenda–
“Chris and his team led us through what we felt was a complicated process in a very organized manner. Everything was explained to our satisfaction and then our decisions were executed quickly. All we had to do was sign documents. Most important, the after support has been excellent. If we have a question, the answer is always.....let us take care of that for you! Everyone in this firm is unpretentious, helpful and very knowledgeable.”
carla–
“For about 10 years my husband and I kept saying, "we need to prepare a trust or a will. We had already planned and paid for our funerals but trying to figure out the will or trust was overwhelming to us. We received an invitation in the mail to attend a seminar. After meeting with Chris we both agreed that Chris and his firm were whom we wanted to execute our Trust documents.”
kay–
“My wife and I took advantage of the free evening program put on by Gaughan and Connealy back in 2013 and later hired Chris Gaughan to do our estate planning. First thing that sold us was not only Chris's professionalism, but his knowledge and his passion for what he does. The process was very easy and thorough. Chris brought up scenarios/issues that were unforeseen but were important to have in our plans. ”
darryl–

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OVERLAND PARK
4400 College Blvd, Ste 190
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