[tri-med] Re: when our children outlive us

mine is a special needs trust. i'm been working on it for months. gina
----- Original Message -----
From: "Wright" <jm.wright@xxxxxxxxxxx>
To: "tri-med" <tri-med@xxxxxxxxxxxxx>
Sent: Monday, August 30, 2004 11:50 AM
Subject: [tri-med] Re: when our children outlive us


{i did do a life insurance thing that is wroth 200,000,00 dollars so i do
not have wiry about him when i pass. . it is to take for taylor and is for
stuff taylor needs. it isn't to replace what taylor would get from
disability}
Gina,

Remember that if you should pass on, the state will make Taylor pay for his
care out of any money he receives unless it is sheltered in a "Special Needs
Trust".  He will get reduced benefits (SSI, Medicaid, etc) until he uses all
the money you set aside for him.  If you have a Special Needs Trust set up
for Taylor, the money in the trust could go for clothes, hair cuts, etc.
(things Medicaid won't pay for) and it wouldn't be eaten away by medical
bills.

We need to get a Special Needs Trust set up for Nicholas.  We've looked into
it twice, but just need to come up with the money for the lawyer fees. This
is my biggest worry...that he will not be taken care of if something should
happen to us, so I need to get on this right away.

Jayne - mom to Nicholas - T-13 - 9 years old
Hudson IL
"If life had a pause button, would you know when to use it?"


                  Building ___ooOOoo__ Rainbows
                       www.trisomyonline.org
                  Families Helping Families On-line


                  Building ___ooOOoo__ Rainbows
                       www.trisomyonline.org
                  Families Helping Families On-line

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