Articles of Interest

Attorney sets up ‘opioid trusts’ for beneficiaries with addiction

Death Can Be Imminent?

August 12, 2918 – The American Family Survey, commissioned annually by the Deseret News and conducted by YouGov, found that 12 percent of families in 2017 reported having an opioid-addicted relative. Nationally, opioid overdoses are the leading cause of death for people younger than 50, the Centers for Disease Control and Prevention reported last year.  As the opioid epidemic continues to impact Pennsylvanians and people nationwide, families are in constant search of answers as to how they can help loved ones with addiction issues. That has led attorneys like Hagan to get creative and establish a sort of “opioid trust.” … “People were saying, ‘I don’t want to leave anything outright to this child because of what I’ve heard can happen to the money,’” Hagan said. “So what do you do?” Estate-planning attorneys regularly establish trust funds for beneficiaries with intellectual disabilities, who are entitled to public-health benefits through Social Security or Medicaid and receive supplemental trust payments that add to those. “An opioid trust is a completely different issue,” Hagan said.

Full Story @ TribLive.com

Leonard Buschel

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Leonard Buschel

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