Settlement Preservation Trust
To help protect your clients settlement funds, as settlement preservation trust is established as in an irrevocable grantor trust. The primary goal of a settlement preservation trust is to protect the beneficiaries Settlement proceeds fromWaste for dissipation while allowing for financial flexibility to accommodate changes and once financial future periodic a distribution distribution’s from a settlement preservation trust not be encumbered or sold to a factoring company. Furthermore, settlement preservation trust distributions can be adjusted in the case of unemployment or other financial reversals. Settlement funds are professionally managed in capital first model portfolio insecurities are held in an insured custodial account.
Asset Protection Trust
An asset protection trust is an irrevocable grantor trust that provides for the grantor while protecting the trust assets from creditors when properly constructed, South Dakota chartered asset protection trust can protect one’s assets from domestic claims as well.
Special Needs Trust
The primary purpose of creating a special needs trust (SNT) is to maintain the eligibility of the injured party to receive government benefits, specifically Medicaid. Establishing a SNT allows an injured party to receive a settlement without being disqualified from SSI or Medicaid. Federal and state laws allow proceeds from an injury lawsuit to be placed into NSNT without those proceeds being considered assets or accountable resources for the purpose of qualifying for government benefits.
Medicare and Medicaid Recipients
It is important to understand the requirements to protect your eligibility if you are in the process of settling a Worker’s Compensation or liability claim. If you are receiving government benefits (Medicaid or supplemental security income), it is critical to realize the implications of how your settlement can be affected by Medicare or Medicaid loss. I am qualified and dedicated to working with you to navigate the nuances of protecting your benefits and establishing an appropriate plan to help meet your needs and future expenses.
Get Huge Savings On Healthcare with CareGuard
Care guard to secure his large discounts on your prescriptions, doctor visits, and medical equipment so you can make your funds last as long as possible. How do they do this? They review every bill searching for savings and they have agreements with multiple healthcare networks to reduce cost to you. On average stay safe members 28% of the projected costs listed in their settlement.