Government Benefits Planning

Who Qualifies for a Special Needs Trust?

Personal injury attorneys frequently call our office and ask who qualifies for a special needs trust. There are 3 requirements for an individual to be eligible for a special needs trust:  The client must be 64 years old or younger. The client must be deemed disabled...

An Outsourced Solution to Government Benefits Planning

Our firm has created a tool specifically for plaintiff attorneys and their settling clients to help determine if any special planning is needed in order for the clients to maintain their eligibility for their needs-based government benefits after receiving the...

What Are a Plaintiff Attorney’s Obligations to Medicare When Settling a Case?

As a plaintiff attorney, it is important to understand your obligations to Medicare when settling a personal injury case. There are two parts to consider in Medicare's interests: the Medicare conditional lien and Medicare's future interest. First is the Medicare...

The Mechanics of Setting Up a Settlement Trust

Here at Amicus Settlement Planners, settlement trust is a topic that we often get asked about. People usually want to know: "What are the mechanics of setting up a settlement trust, and how do we actually go about doing it? Does the defendant have to pay directly to...

When You Should Consider a Medicare Set Aside for a Client

What Is a Medicare Set Aside? Personal injury attorneys often ask us: "Do I need to set up an MSA for my client?" An MSA or a Medicare Set Aside is an account set up for a client that is on or will soon be on Medicare. It will be used as a deductible for any injury-related expenses that Medicare otherwise would cover for that client in...

If Your Client Receives SSI, Plan Ahead in Case of Settlement

Supplemental Security Income or SSI is a needs-based government benefit that many personal injury clients receive from the government. It is a safety net program that the federal government established to protect those in serious financial need. It is available in every state for clients that meet specific income guidelines and asset...

Special Needs Trust: Eligibility Requirements and Use Cases

One question we often get from personal injury attorneys with settling cases is: "Who is eligible for a special needs trust and who isn't? And in what situations should I worry about it?" A client receiving needs-based government benefits like Medicaid or SSI can lose these benefits once they receive a settlement check. One way to protect...

Will Receiving a Settlement Impact SSDI?

One question we often get from personal injury plaintiff attorneys is: "Will receiving a settlement impact SSDI (Social Security Disability Insurance)"? To answer this question, you must first ensure that your client is receiving SSDI and not Supplemental Security Income (SSI). Why Is It Important to Know the Distinction Between SSDI and SSI?...

Case Study: What Comprehensive Settlement Planning Looks Like

We are often asked: “What do you mean by comprehensive settlement planning?” It’s easiest to demonstrate the value of comprehensive settlement planning through a brief case study. In this scenario (based on an actual, recent case). We recently were brought in to help in a birth injury case where the baby received a substantial settlement. In...

Oh, SNAP! What You Need to Know if Your Client Receives Food Stamps

What are SNAP benefits? SNAP stands for Supplemental Nutrition Assistance Program and is considered a needs-based government benefit. SNAP is more commonly referred to as food stamps. Preserving the client’s eligibility to receive SNAP benefits is not always possible after a client receives a settlement. What are SNAP Benefits for a Client...

Greg Maxwell’s Story — How and Why He Became a Settlement Planner

Greg Maxwell, Esq., CFP® is one of the founders of Amicus Settlement Planners. He focuses his practice on providing comprehensive settlement planning solutions for personal injury attorneys and their clients. In this article, Greg shares his path to settlement planning — and why he’s passionate about what he does. After graduating from Brigham...

The Difference Between SSDI and SSI (and Why It Matters)

Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are government benefits for clients with disabilities. However, clients may not know which one of the two they are receiving since the check they receive each month doesn’t specifically list which program the funds are from. Clients generally just know that they...

What Items Can a Special Needs Trust Pay For?

  There are certain expenses that a special needs trust can and cannot pay for on behalf of the beneficiary for clients receiving Medicaid or Supplemental Security Income (SSI). In general terms, clients can use the trust for anything that the beneficiary needs except for food and shelter expenses. Why Can't a Special Needs Trust Pay for...

ABLE Accounts and Special Needs Trusts: What You Need to Know

ABLE accounts and special needs trusts are settlement planning options for personal injury clients who are disabled. What are ABLE Accounts? ABLE Accounts were made possible by the Achieving a Better Life Experience Act of 2014. This relatively new option is another option for clients who receive Medicaid or Supplemental Security Income (SSI)...

Contact

Let Us Help You

Our goal at Amicus Settlement Planners is to be the premier, comprehensive resource for plaintiffs and plaintiff attorneys for all of the financial and legal issues that arise at the time of settlement.

We'd love to explore how we can help you and your clients.