A special needs trust provides a way to name a trustee who may help manage the care and support of a disabled beneficiary. You could add money and property to the trust without affecting a beneficiary’s eligibility for receiving financial or medical assistance from...
Special Needs Planning
Who should you name as a guardian for your disabled child?
Caring for your child with special needs might feel like a responsibility only you can do. The thought of someone taking over for you could cause you to feel angst. However, knowing that someone you trust has agreed to care for your child in an emergency situation...
How may I leave my assets to an adult with special needs?
Your estate planning could include a trust that manages assets for an adult requiring lifelong care. The AARP notes that you may create a special needs trust to provide for a beneficiary who has a disability or an injury. Before you die, you could set up a support...
What is a letter of intent or guidance?
Planning for the future is critical when you have a special needs child. You have to be sure that once you are no longer here there will be someone to take care of him or her. While you certainly should get all the legal matters, such as a trust or will, in place, you...
When should you consider a pooled special needs trust?
As a Florida resident who has a child with special needs, you may have concerns about whether leaving money behind for that child may impact his or her eligibility for means-based government benefits. Having too much money available may hurt your child in the long run...
Do you need a care plan for special needs adults?
While some special needs adults may be able to live independently, others may need more care. You should create a care plan for your child's adult life. Special needs adults all have different capabilities, and you need to make sure your plan takes your child's...