An unexpected inheritance can be a crisis for someone on benefits. Act quickly to protect coverage.
The Problem
Asset Limits
SSI: $2,000 individual, $3,000 couple Medicaid: Similar limits
What Happens
Benefits can be terminated once assets exceed limits.
The Solution: First-Party SNT
A first-party (self-settled) special needs trust can hold the inheritance.
Time Is Critical
You have limited time to establish the trust and deposit funds.
Requirements
- Beneficiary must be under 65
- Must be disabled per Social Security standards
- Must be established by parent, grandparent, guardian, or court
Over 65?
A pooled trust is your only option for a self-settled SNT.
Steps to Take
Step 1
Don't spend the inheritance on anything that creates assets.
Step 2
Contact Pioneer Credit Solution immediately.
Step 3
Establish and fund the SNT quickly.
Step 4
Report to Social Security and Medicaid.
Don't Wait
Every day matters when protecting benefits. Call Pioneer Credit Solution at 1-888-271-2293.