A Special Needs Trust (SNT), also referred to as a Supplemental Needs Trust, is a trust created for an individual who receives or who may receive state or federal benefits. The trust is designed to provide for the individual’s “supplemental needs” while maintaining the individual’s eligibility for benefits provided by the government.
Third Party: A parent or other third party creates and funds a trust for the individual receiving government benefits. The trust can be funded now or through the parent or third party’s estate plan.
First Party: This type of SNT is also called a “(d)(4)(A) Trust” or “Medicaid Pay-Back Trust” and is funded with the beneficiary’s own assets (i.e. personal injury settlement). Upon the death of the beneficiary, remaining assets must be paid back to the state for up to the amount of medical assistance paid by the state.
Stand-by Special Needs Trust provisions: Because we do not ever know what the future may hold for our family or beneficiaries, stand-by Special Needs Trust provisions are important to include in your revocable trust. With these provisions included in your revocable trust, your Trustee can create a Special Needs Trust for a beneficiary if necessary at the time of your death.
Charitable Planning and Special Needs Trusts are a more complex area of estate and tax planning. Our attorneys will work closely with your financial advisors to make the most beneficial recommendations for you. We invite you to schedule an initial consultation with one of our attorneys. Simply call Ball Morse Lowe, PLLC, at 405-701-5355 or contact our office by email.
While we have built a respected reputation over the decades for providing sophisticated counsel in complex oil, gas, and energy law matters, business law cases
Ball Morse Lowe, PLLC, is committed to providing excellent service and sound solutions to our clients in a cost-effective manner. From our law firms in Norman, Oklahoma City, and Denver, our attorneys provide services throughout the Oklahoma City and Denver Metros and in other states, including Texas, Kansas, North Dakota, Ohio, Colorado, California, and New Mexico.
Ball Morse Lowe is a recognized law firm that serves clients across Oklahoma and Denver.
Our lawyers have extensive experience handling a wide range of practice areas, including estate planning, family law, litigation, real estate, oil, gas and energy, business & commercial, and much more.
Our firm is devoted to providing each client with all the resources of a large firm but with the individualized attention of a small practice. Unlike many other firms, we have the ability to conduct investigations, hire expert witnesses, and utilize cutting-edge technology to help you build the strongest case possible.
The lawyers at Ball Morse Lowe can help you seek what's needed in your case. Our team is standing by to assist you, so call us at (405) 701-5355 to get started with a free consultation with our client intake team.
Barry K Roberts
Caron C. Loffland
E. Parker Lowe
Gregory C. Blackwell
Kaitlin E. Clarke
Kimberly A. Wurtz
Zachary T. Ball
Kay Lynn Busby
Client Intake Specialist
Client Intake Supervisor
Chief Operating Officer
* Meetings with attorneys by appointment only *
Great advocacy, and excellent at keeping client informed about options.
Jennifer assisted us in making a trust, and all of the additional documents that go with it – advanced directives, powers of attorney, etc. She was professional, knowledgeable, cheerful, personable. We are very happy with our association and look forward to doing business with them in the future!
I enjoyed meeting and talking with Mr. Bottomly. He was easy to talk to, and I left feeling confident that should I end up needing legal assistance, working with Mr. Bottomly would be a positive experience. Thank you.
Quality attorneys representing my wife and me in a difficult situation. Always responsive, professional and advanced the clients best interests. Always had direct access to our attorney. Thanks so much.
Don and Kay Holladay
I recently needed advice regarding a property matter. I was able to make an
I have used Ball Morse Lowe for both business and personal reasons. Parker Lowe handles my oil and gas issues and Bow Bottomly recently represented me in divorce proceedings. The staff has always been very helpful and even though I am not a big client, they never make you feel that way.