Settlement Planning Guidance in Michigan
When a person with special needs who receives public benefits also secures a settlement in a personal injury case, the awarded funds must be carefully managed. If you are not careful, a personal injury settlement can make someone ineligible for benefits, cutting them off from the crucial financial resources they need to live a comfortable life. This outcome can be avoided through proactive settlement planning.
Settlement planning is a rapidly growing and highly complex area of the law. Our Michigan settlement planning lawyer, Michele Fuller, is one of the few attorneys in the country with extensive experience and training in Special Needs Settlement Planning (SNSP). We can help preserve the government program eligibility of your special needs child in situations where they are receiving assistance from other sources, such as a personal injury settlement.
Our team at the Michigan Law Center is well-versed in all forms of special needs planning and frequently receives referrals from personal injury lawyers. We understand how to navigate these challenging scenarios and will implement a solution that protects your loved one’s financial future.
We are very pleased with the service they provide and highly recommend them to anyone in need.Kathy R.
To qualify for many need-based government assistance programs, applicants must meet strictly enforced income and property limits. This means a person with special needs cannot make too much money or have too many valuable assets. Paradoxically, these limits are extremely low and are not enough to live on.
Special needs planning helps people meet program eligibility programs while giving them access to the resources they need to live comfortably. However, a settlement in a personal injury case can quickly disrupt an otherwise secure arrangement.
When someone is injured due to another person’s negligence, they have the right to sue the negligent party and recover compensation for damages. Many of these lawsuits are settled out of court. The value of these monetary settlements (or court-awarded damages) almost always exceeds the income and asset limits associated with public assistance programs, potentially putting a beneficiary’s continued eligibility in jeopardy if they are not careful. If someone receiving public assistance takes legal possession of disqualifying settlement funds, they will most likely lose access to their benefits.
Many children and adults with special needs have lost their eligibility for government aid and suffered financial harm due to insufficient planning. Therefore, engaging in settlement planning during personal injury negotiations is extremely important if the injured party is receiving any public benefits.
Our Michigan settlement planning attorneys are committed to helping you avoid these outcomes. We can evaluate your situation and walk you through all available options.
Our team at the Michigan Law Center can assist with many types of settlement planning strategies, including:
- Special Needs Trusts
- Medicare and Medicaid Lien Resolution
- Medicare Set Aside (MSA) Arrangements
- Court Approval of Proposed Settlements
- Qualified Settlement Funds
- Structured Settlement Planning
If you are concerned about your loved one’s benefits program eligibility, get in touch with our Michigan settlement planning lawyers. Call (855) 740-0606 or contact us online today.
Michele P. Fuller has published numerous articles on settlement planning in leading professional journals. She is a sought-after lecturer to fellow legal and financial professionals on a wide range of settlement planning issues. Michele is also a member of the Academy of Special Needs Planners and is a frequent contributor to the organization’s knowledge base and newsletter. In short, Michele is eminently qualified to provide informed, experienced counsel on the complicated and widely misunderstood area of settlement planning. She will work to protect the financial future of your loved one with special needs and the rest of your family.
Macomb Twp., MI 48044