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Hi and welcome to JA. Ray here to help you today.
You can set up a master pooled trust, this is a kind of Special Needs Trust.It uses a preapproved trust and you have a sub account like a savings account.There are several of these firms in California here, they have lower fess and no need for a lawyer to prepare the trust.Any of these would allow you to shelter funds and avoid disqualification.Call them they are happy to talk to you here and want to help you.
Here are some
I appreciate the chance to help you tonight.Thanks again.
Medicaid and SSI law permit"(d)(4)(C)" or "master pooled trusts" for beneficiaries with special needs. Such trusts pool the resources of many beneficiaries, and those resources are managed by a non-profit association. Unlike individual disability trusts, which may be created only for those under age 65, pooled trusts may be for beneficiaries of any age and may be created by the beneficiary herself. Thanks again.
The Master Pooled Trust seems like your best option to shelter these funds from SSI/Medicaid here in California.