Critical timing with Lawsuit settlements and Special Needs Trusts
A person who receives Medicaid or SSI (Supplemental Security Income) can not have more than $2,000 in countable, available resources while they receive these benefits. There are also limitations on their monthly income, and things that don’t seem like “income” can still be counted as such. If the person is under 65 and is about to receive a lawsuit settlement, it is well...