What Is a Special Needs Trust?
A Special Needs Trust, also called a Supplemental Needs Trust, is a legal arrangement that holds and manages assets for your loved one without jeopardizing their eligibility for government assistance.
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Without a Special Needs Trust, a financial gift or inheritance could unintentionally disqualify your loved one from essential benefits.
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With a Special Needs Trust, assets are owned by the trust, not the individual, keeping benefits intact while still providing financial support and security.
Two Types of Special Needs Trusts
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First-Party Special Needs Trust: Funded with the beneficiary’s own assets, such as lawsuit settlements or inherited funds.
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Third-Party Special Needs Trust: Funded with assets from parents, grandparents, or other relatives, often as part of an estate plan.
Each type has specific rules about how assets can be used and administered. Our attorneys ensure everything is compliant with both Tennessee and federal law.
How Douglass & Runger Help You
We take a step-by-step approach so you’re never left feeling overwhelmed:
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Listen – We begin with your story, your loved one’s needs, and your goals.
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Strategize – We design a Special Needs Trust that preserves benefits and provides financial stability.
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Protect – We guide you in selecting the right Trustee, properly funding the Trust, and keeping it compliant with all regulations.
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Support – We stay by your side with ongoing reviews as laws and family circumstances change.
Why Choose Our Firm?
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✅ Decades of estate planning experience in Shelby County and throughout Tennessee
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✅ Compassionate attorneys who understand both the legal and emotional weight of planning for a loved one with special needs
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✅ A proven track record of helping families secure peace of mind for the future
At Douglass & Runger, our promise is simple: Listen. Strategize. Protect.
Take the First Step Today
Planning for your loved one’s future may feel daunting, but you don’t have to face it alone. With the right plan in place, you’ll know your family member will always be cared for, not just financially, but with dignity and security.
📞 Call us today at (901) 388-5805
👉 Or schedule your session
Because peace of mind isn’t just for you, it’s for your loved one’s future.
