Many thoughtful family members make estate planning efforts to help ensure that their vulnerable loved ones are cared for. Some of these efforts may go into effect while the individual who is providing support is alive and other efforts may not go into effect until...
You could be shocked by the price of a nursing home when you arrange long-term care for an older relative. It might be quite expensive for your elderly loved one to even live in an assisted living facility. Even if you are attempting to find ways to lower these...
If you have a child with special needs, you likely spend a lot of time fighting for them to get the same treatment and opportunities that other kids their age get. Yet however much you want people to treat them the same as other children, estate planning may require...
A special needs trust (SNT) can give you peace of mind that a loved one with a disability will continue to receive the government benefits such as Medicaid and Supplemental Security Income (SSI) payments while still being able to receive other assets and inherit money...
Creating a special needs trust lets you feel certain that your loved one will have the support they need after you die. However, it can take tens of thousands of dollars to help someone live independently when they have special needs. Those without that much money in...
When you have a disabled adult child, you want to handle your estate plans very carefully. Your child likely relies heavily on needs-based government programs like Supplemental Security Income (SSI) and Medicaid. You know that leaving your child money directly could...
When you establish a special needs trust, one of the most important decisions you make is your choice of trustee. Because they will have a great deal of power over the assets you place in trust, you want to select someone that you can rely on. What questions should...
Having a child with special needs means that you will have unique concerns when it comes to planning for their future. Most parents can simply make a last will naming a guardian for their minor children and allocating their valuable assets to their kids after they...
Special needs trusts are designed to give people with disabilities the money they need to improve their overall quality of life without putting any public benefits they receive, like Supplemental Security Income (SSI) or Medicaid, in danger. What does that mean?...
The creation of a special needs trust can do a lot for the security of a child that depends on you and your peace of mind regarding their future. By creating and funding a trust, you ensure that someone you love with special needs will have access to the resources...
