Chayet & Danzo, LLC Chayet & Danzo, LLC www.Coloradoelderlaw.com
Call for a Free Initial Consultation
Direct303-872-5980
Toll-Free 1-888-472-1088
Email Us
Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

Advocacy as important as funding in a special needs trust

Do you have a loved one who suffers from a significant disability? If you have a child with severe autism or a brother or sister with down syndrome, a special or supplemental needs trust can pay for additional expenses that Medicaid may not cover.

Most people initially think about the cost in establishing a trust and the amount they will set aside to fund the trust. However, appointing the right trustee who will advocate for your loved one is equally important. 

Inability to advocate for themselves

Individuals with disabilities often qualify for many services through Medicaid, such as comprehensive medical care, housing, transportation and various activities including sheltered employment. These services do not always meet all needs or provide the best quality of life available.

With a special needs trust the beneficiary is probably not in a position to advocate on his or her own behalf. A corporate trustee focused on investing assets in the trust may be unsure of the beneficiaries needs. Well-invested assets in a trust may grow, but ultimately fail to serve the intended purpose if the trustee waits for requests.

Appointing co-trustees is one way to avoid this issue. A bank trustee may make decision about the wisest investment. But a family member or a private care manager would monitor what things may make the beneficiary's life better and make requests for better medical equipment, additional therapy sessions and recreational opportunities as necessary.

Spending time to consider the appropriate trustee(s) will ensure that trust funds are used proactively to enhance the life of your loved one.

No Comments

Leave a comment
Comment Information

Watch Our Firm Video

We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

View More Videos

Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Phone: 303-872-5980
Fax: 303-355-8501
Denver Law Office Map

Edwards Office
105 Edwards Village Blvd.
#D-201
Edwards, CO 81632

Toll Free: 888-472-1088
Fax: 303-355-8501
Edwards Law Office Map

Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
  • Proud Sponsor 2015-Denver Colorado Senior Law Day
  • Peer Review Rated For Ethical standards & Legal Ability TM Martindale Hubbell
  • Haystack