On August 16th, 2017, Brian Alterio presented at the Continuing Legal Education (CLE) Noonday Lecture for the Erie County Bar Association. The lecture was entitled, “Supplemental Needs Trusts For Personal Injury Attorneys”. The lecture was attended by many attorneys interested in learning about how a supplemental needs trust can help their clients in this situation.
A Supplemental Needs Trust (SNT) enables a person to maintain eligibility for needs-based government benefits, including SSI and/or Medicaid, when there is a personal injury settlement or verdict. The purpose of the Supplemental Needs Trust is to benefit from the settlement without effecting his or her eligibility for the needs-based programs.
In other words, if a person who receives SSI or Medicaid is injured in a car accident, or as a result of the negligence of another person or company, a SNT will protect the settlement proceeds from interrupting the claimant’s benefits.
Since receipt of personal injury proceeds can effect eligibility for needs-based programs, your attorney needs to understands the benefits of a trust. We regularly engage the expertise of others in the field to assist in establishing and administering the SNT. There is a cost to establish the SNT based on the amount of money involved in the trust. The proceeds may be deposited in a “pool trust” or an “individual trust”. Then, the administrator will allow certain purchases according to the statute. Simply, the trust may be used to pay some expenses but not others.
We understand the need to protect these benefits and are fully committed to obtaining the best results. Don’t forget, a Small Firm can make a Big Difference.
The Erie Cattaraugus Rail Trail (ECRT) has opened registration for the 2024 EA2EVL Fondo. Over the last three years this ride has raised $150,000 to continue to open, build, improve and maintain the 27-mile ECRT Trail that runs from Orchard Park to Ashford, NY. The trail association is making so much progress because of YOUR SUPPORT!
#1 - Date: This year, the 42-mile charity bike ride will be held on Saturday, October 5th.
#2 - Same Route: How could you forget! The fondo—or non-competitive bike ride—starts at 42 North Brewing in East Aurora and goes down Route 240, heading west on Rt 242 into Ellicottville.
#3 - Party On: EA2EVL ends with a celebration—music, food, drinks—at the Holiday Valley Resort.
#4 - Fundraising Awards: Your registration gets you into the event, access to our course and rest stop amenities. We’re asking each rider to fundraise for the ECRT Trail: A $100 donation earns you an event t-shirt and tickets for food/drink at the party.If you raise $500 or more, you get an EA2EVL event jersey, plus all of the above. Our top fundraiser gets all of the above PLUS gets to wear the yellow jersey and a $500 gift certificate from Tom's Pro Bike!!
#5 - Register Today: Sign up today, raise some money for ECRT, and enjoy the party and a great fall ride!
424 Main St, Ste 1904
Buffalo, New York 14202
.svg)
.svg)
