What Should You Do With a Personal Injury Settlement Received on Behalf of an Incapacitated Relative?

Posted on: 21 February 2017
If your elderly parent is incapacitated so that an inpatient nursing home is the only option for his or her continued care, he or she may already be receiving Medicaid benefits to pay for this care. While receiving a settlement or judgment from the defendant can be a relief, for those dependent upon Medicaid for their care, these types of windfalls can often cause more problems than they solve. Read on to learn more about how special needs trusts (SNTs) can help preserve funds from a personal injury settlement to allow your relative to qualify for care while still providing the money for extras and needs above and beyond what may be provided by a nursing facility.
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