The Professional Trust Management Value

Some families prefer to manage the administration of the trust themselves. Although you can do this, it often causes stress and creates danger. The laws surrounding Special Needs Trusts are rigid, and any error can lead to loss of benefits. Professional fiduciary services reduce that risk and provide financial security.

We do the technical part so that families have more time together. We always use the funds as intended to help the beneficiary live healthily, comfortably, and independently.

Our Role in Special Needs Trust Administration

The Special Needs Trust is complicated to run. It entails rigid legal regulations, intricate accountancy, and continuous contact with benefit agencies. At Hansen Fiduciary, LLC, we assume that burden so that the family can do what is most important to them, which is to take care of the loved one.

Our services include:

Preservation of Interests: We make sure that the money is never misused to the disadvantage of the beneficiary.
Asset Management: We invest and operate trust assets with long-term security.
Benefit Coordination: We collaborate with government programs to ensure that we stay eligible.
Proper Reporting: We make and keep comprehensive financial statements in compliance.
Care Collaboration: We coordinate with medical service providers and services.

Through integrating financial monitoring with individual care, we offer a sense of security and tranquillity.

What Can a Special Needs Trust Pay For?

One of the most common questions families ask is what the trust can cover. Although the trust will not substitute other benefits that SSI may offer, such as housing or food, a vast number of other life-improving needs may be paid for by the trust.

Examples here:

Insurance does not include dental and medical care.
Counseling services, such as occupational/speech counseling.
Learning and training activities.
Transportation costs, such as modified vehicles.
Modifications in the home to make it more accessible.
Leisure, tourism, and entertainment.
Personal assistant and companion.
Technology that aids communication and independence.

Such costs enhance the quality of life that the beneficiary is living without putting government benefits in danger. We make all the deliveries according to the rules and improve everyday life.

650-405-4665

Caring for a loved one with special needs requires both compassion and foresight. Families are usually faced with the problem of choosing between material stability and access to basic benefits. However, a Special Needs Trust (SNT) is a practical answer. At Hansen Fiduciary, LLC, we focus on the management of such trusts with accuracy, attention, and long-term perspective.

Special Needs Trust Management

What is a Special Needs Trust?

A Special Needs Trust enables people living with disabilities to get financial support while still keeping their place in government programs. Specifically, these are Supplemental Security Income (SSI) and Medicaid programs. Without proper planning, these benefits can be reduced or even eliminated by a direct gift or inheritance. No matter the source, the trust is a secure means of handling funds in a manner that enhances living standards.

Types of Special Needs Trusts

All trusts do not look alike: Additionally, all the types are used in various situations with different beneficiaries.
First-Party Special Needs Trust: The trust is funded out of the assets of the beneficiary, including a legal settlement. When the person deposits funds here, they are still qualified to receive government benefits. Under Medicaid, the state claims any leftover money after the beneficiary’s death.
Third-Party Special Needs Trust: Parents, grandparents, or other family members fund it. This encourages a loved one to avoid seeking government aid. It is also not subject to Medicaid reimbursement at the end, like first-party trusts.
Pooled Trust: This type of trust is run by non-profit organizations and pools the funds of numerous beneficiaries. There is an individual account per person, although they invest together. The family can adopt this option when they need professional administration but have limited resources.

It takes a lot of planning to find out which trust best suits. At Hansen Fiduciary, LLC, we assist families in making the right decision and in adhering to all regulations.

Why Families Choose Hansen Fiduciary, LLC?

Administering a Special Needs Trust requires more than good intentions. One mistake would threaten government benefits or cut resources. Families trust us to deliver expertise, care, and commitment to all the trusts under our care.

Here is why we stand out:

Professional Advice: We are familiar with complicated benefit plans and trust provisions.
Caring Service: We strike a balance between financial management and respect and dignity.
Open Communication: We maintain open communication with families by providing them with timely and transparent updates.
Long-Term Planning: We protect resources in such a way that they can be used during the lifetime of the beneficiary.

We never leave families alone in the process. We act as a companion, mentor, and advocate.

650-405-4665

Partner With Hansen Fiduciary, LLC

One of the biggest choices that you will make on behalf of your loved one is choosing a fiduciary. At Hansen Fiduciary, LLC, we take that responsibility seriously. Our clients find a balance between professional and caring service: we unite professionalism and compassion to safeguard the financial and personal health of our clients.

When you partner with us, you get more than trust administration. You feel assured that your loved one will always have care, security, and dignity. We can assist you in establishing a secure future base for your family.

Schedule a Consultation

Let’s discuss how we can support your loved one’s future.