Planning for the care of loved ones with special needs certainly tops the list of emotionally-charged topics. The mere idea wrenches the heart of any parent, if untimely death or disability strikes, who will care for your children? The peace of mind parents gain from a well-designed estate plan, more than compensates them for having to plan for the unthinkable.
How A Special Needs Trust Works
A Special Needs Trust allows a parent, grandparent or guardian to provide funds for a disabled child without disrupting the childs eligibility for government aid. Setting one up is a fairly simple process.
Important points to remember while investigating the use of this estate planning tool are:
- Decide on an appropriate guardian for your child.
- Determine who would be a suitable trustee(s) to manage the trust's assets
and supervise your child's finances.
- Outline instructions for your child's education, housing and other personal
needs.
- Identify the assets to be placed in this trust
Free Report
Imperative planning considerations for Special Needs families are covered in far more detail in our free report entitled, "A Special Child Needs Special Planning." You may also click here to view all available Special Reports.
Request a Free Consultation
To request a consultation, please call us at (307) 472-6900 or fill out our online request form and one of our legal assistants will call to schedule a convenient time for you. Be sure to meet with us before you commit the funds so as to protect them from loss to the SSI or Medicaid recipient. When calling, please ask how you can obtain a FREE consultation.
Resources
Helpful links for Government benefits and other useful information.
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