Maximum Legal Services Corporation
To provide high quality legal services and assistance to persons of all ages who would not otherwise be able to obtain or afford adequate legal representation.
Established in 1993, Maximum Legal Services Corporation (MaxCorp) is a Hawaii based non-profit law firm that fills the role as conservator and trustee for various individuals through conservatorships.
MaxCorp serves as conservator and/or trustee for many individuals who are turned away by other financial institutions. Many banks will not manage a trust holding less than $1 million. Small Guardianships & Estates usually manage trusts for clients who have funds of less than $20 thousand. MaxCorp typically serves the group in the middle; the “gap group” not otherwise served.
MaxCorp preserves and conserves assets, pays clients’ bills, files accountings at court and responds to requests for funds.
A Conservatorship, formerly known as Guardianship of the Property, is a legal process for an individual who can no longer make or communicate decisions regarding his or her finances. Establishing a conservatorship allows the conservator to manage the individual’s property and business affairs. In general, the conservator makes financial decisions, which are in the best interest of the individual served.
A Trust is an entity that owns assets for the beneficiary. A revocable living trust can be changed or discontinued; while an irrevocable trust cannot be changed or discontinued. Those who have property must transfer the title of the property into the trust.
A Special Needs Trust provides for needs beyond basic living expenses for mentallyand/or developmentally disabled individuals under age 65. Basic food, shelter and health care expenses may be covered by public assistance benefits such as Supplemental Security Income (SSI) and Medicaid.
In addition to having a disability, in order to qualify for SSI an individual cannot have more than $2 thousand in assets (excluding a car and home). Many of our clients have Special Needs Trusts allowing them to receive supplemental benefits without disqualifying them from benefits already being received (SSI, Medicaid, etc.).
A Supplemental Needs Trust is meant to provide for needs beyond basic expenses. The beneficiary need not be disabled.
For more information on Maximum Legal Services Corporation, call (808) 585-0920.