Set Your Inheritors Up for Success After Receiving the Settlement

Rhode Island Settlement Planning Lawyer

The Peace of Mind that Your Settlement Is Planned for

When someone you love suffers an injury that leads to a serious disability, the resulting lawsuit can often take years. The end result of this long and arduous process will hopefully be a settlement or jury award designed to compensate your loved one for their injury.

Even when the lawsuit is successful, the settlement often is not nearly enough to provide your child with the care and financial support he needs throughout their lifetime. In these cases, it is important that the settlement is structured in such a way that it will allow your child’s caregiver to access the settlement funds while at the same time allowing him to qualify for important government benefits like Supplemental Security Income (SSI), Medicaid, and Section 8 housing that will provide for ongoing living expenses and care.

Structured Settlements

Structured settlements come in the form of annuities over a single lump sum payment. This can guarantee an income source for many years into the future. However, this can negate eligibility for public help benefits and may tie up funds when the beneficiary can use a larger lump sum, such as if they need to pay for college expenses or buy a home.

Payback Trusts

Because funds belong to the victim themselves, a so-called “payback” trust, or (d)(4)(A) trust can be used to protect a child’s eligibility to receiver Medicaid or SSI. This type of trust can be fraught with pitfalls, which is why working with a qualified Rhode Island estate planning attorney is essential. The provisions for paying back expenses that accrued over the lifetime of the beneficiary must be taken into account.

Working with Personal Injury Lawyers to Plan for the Future

Remember that personal injury attorneys are not well-versed in estate planning solutions. When it comes to your settlement, and protecting your heirs long into the future, Attorney Kara Hoopis Manosh can work with them. This can ensure that you have a comprehensive team to ensure that the settlement is properly planned for throughout the settlement process.

If you are in the process of negotiating an injury or malpractice settlement, Hoopis Manosh Estate Law can guide you through the settlement and ensure your child’s well-being over her entire life. Call the firm today at (401) 229-2933 to learn more.

Our Clients Are Our Family.

Hear How We Have Impacted Their Lives
  • “Shes the best there is!”

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  • “Kara is the best she guided me the whole way!”

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  • “Attorney Manosh clearly knows what she is doing, cares about her clients, and proves it over and over again.”

    John G.

  • “I also needed an attorney who would listen, advise & educate me throughout the process. Attorney Kara Manosh did exactly that. ”

    Former Client

  • “She was professional honest and answered all of my questions and phone calls promptly. ”

    Former Client

Take the First Step Towards Protecting Your Heirs.

Schedule a Meeting with Hoopis Manosh Estate Law Today.
  1. Hoopis Manosh Estate Law is proud to be a 10.0 Avvo Rated firm.
  2. Attorney Manosh provides compassionate guidance in the areas of elder law, Medicaid and estate planning.
  3. We design solutions tailored to each clients' individual needs.
  4. Our firm is committed to establishing strong relationships with every client we advocate on behalf of.
  5. We represent individuals and families throughout Rhode Island.
  6. Attorney Manosh is a member of the Rhode Island Bar Association.
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