Supplemental Needs Trusts in Idaho: How They Protect SSI and Medicaid Benefits

Episode Summary:

In this episode, estate planning specialist Jeanna Nance from Alan R. Harrison Law joins the discussion on supplemental needs trusts in Idaho. Learn about the types of supplemental needs trusts, how they protect SSI and Medicaid benefits, and the crucial differences between first-party and third-party trusts. Discover why properly structured trusts are essential to preserving government benefits for individuals with disabilities.

Key Timestamps:

00:00 – Introduction

01:10 – Types of Supplemental Needs Trusts

03:45 – Protecting Government Benefits

05:20 – Creating a Trust for a Disabled Child

07:15 – Maintaining Eligibility for SSI or Medicaid

09:30 – Expenses Covered by Supplemental Needs Trusts

11:45 – Comparison with Able Accounts

13:20 – Common Mistakes in Estate Planning

15:30 – Preserving Stability with Thoughtful Planning

About the Show:

*Law Potato: Hot Legal Topics with Idaho Values* delves into essential legal matters affecting Idaho families. Host Alan R. Harrison , alongside legal experts like Jeanna Nance, explores the intricacies of estate planning, offering invaluable insights for securing your family's future.