Referring Legal Professionals:
Attorneys
We help attorneys handling cases regarding personal injury, workers’ compensation, or family law matters to support their clients.
Most attorneys who practice in personal injury, worker’s compensation claims, and other tortious liability suits are familiar with the obligations of addressing liens and subrogation, protecting Medicare’s interest as a secondary payor, and ensuring that the receipt of a settlement does not disrupt public benefits for the injured client. For these reasons, the concept of using a special needs trust to “shelter” benefits is the most basic planning tool.
But in sophisticated planning schematics, the special needs trust is the poppyseed that rests on a bagel. There are many more planning options than simply funding the settlement into an SNT.
Use our Connecticut asset protection knowledge to your client’s advantage.
Disability Planning Partners has in-depth knowledge of public benefits, Medicare and Medicare Set Aside agreements, Medicaid benefits for those under age 65 and for individuals over age 65 as well.
However, there are planning opportunities in asset preservation plans, which may, depending on circumstances, be superior to the simple use of special needs trust. Additionally, many plaintiffs are often quite displeased at the restrictive use of a special needs trust, and certainly the mandatory Medicaid payback provisions are undesirable too.
While medical care plans are a component of understanding future medical expenses in the personal injury context, this is only one part of the picture. The other, equally important costs are related to how the injured party will receive care on a day to day basis. Disability Planning Partners prepares essential care plans which provide detailed reports and financial projections to properly estimate the cost of care that the injured party will need over her life expectancy. These reports are often used to increase gross settlement negotiations for trial attorneys.
Yes, we often use special needs trusts to hold settlement funds for injured parties, but the greatest skill set Disability Planning Partners has is in the proper valuation of costs of future care for plaintiffs, and asset preservation strategies which aim to preserve settlement proceeds and on board public benefits support for care.
We can help with structured settlements.
Another issue in settlement planning is the idea of structured settlements. In some instances, this is a preferred method of compensation. However, caution is needed. Structured settlements, payable in monthly installments, as “untaxed income,” may actually thwart asset preservation strategies.
Better options should be explored!
Collaborating with Disability Planning Partners – a winning team.
Since the forums for our work outside our office are our Connecticut Probate Courts (state-wide), let our team help you navigate your Compromise of Claim, your Wrongful Death Claim, Appointment of a Guardian of Estate for a Minor to accept/ approve a settlement. We will open an estate or file the essential documents for you so that you can focus on the recovery for your clients.
This seamless partnership benefits you and your client. We understand how to negotiate State liens, where applicable, and how to properly commence a matter before the probate court ensuring a simple process for your client and one in which also aims to have your fees approved as well.
Asset preservation is Disability Planning Partners specialty. You want to help your clients and we want to help you do that efficiently and with confidence.
If your clients receive higher settlements, you get paid more money. If you have partnered with an attorney who specializes in estate planning, then your client will be set up to continue receiving their settlement payouts, government benefits, and control over their initial assets.
Everyone wins!
Caring for You and Your Family Is Our Specialty
Reach out to Attorney Englisby today to join together for your client’s benefit as well as yours.
