Raising a special needs child costs more. Your special needs child will likely be dependent to some degree forever. You may Want to provide funds in your estate plan to supplement his /her care. This presentation talks about federal benefit programs that help with the cost of caring of your special needs child or adult.
Life's Plan offers several options for meeting the supplemental service needs of people with disabilities and the elderly. This is an option as well for investments such as assets from an inheritance, personal injury settlements or any awards received. Contact us at 630-628-7169 today.
Learn more about trusts in Fayetteville Arkansas in this presentation - the different types of trusts, what needs are covered, and how trusts are established.
You could leave someone with a disability an inheritance by making this individual the beneficiary of a Special Need Trust. Take a more look in this presentation.
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A special needs trust is an important legal item that parents of special needs children should look into with the help of a family law attorney in New Jersey. At the same time, if you have an adult child or an elderly parent who has special needs, you should also look into the benefits of this type of trust. A special needs trust can help provide for your loved one without removing his or her eligibility for government benefits. How? The trust owns the assets, not the person for whom it was created. This means that the beneficiary of the trust is still eligible for Medicaid and Supplemental Security Income (SSI).
https://lifesplaninc.org/create-a-trust/third-party-supplemental-trust/ This is a permanent, irrevocable, legal decision that you and/or the beneficiary are making when seeking the Life's Plan, Inc. staff to assist you in setting up your pooled trust account. Life's Plan, Inc. offers several options for meeting the supplemental service needs of people with disabilities and the elderly without jeopardizing state and federal entitlements. For more details, visit our website or contact us.
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As the parent, grandparent, or loved one of a special needs individual you are probably concerned about your loved one's future. The cost of caring for a special child or adult can be high. Many federal and state programs may help but you must use care in your estate plan to ensure that your loved one remains eligible for these programs.
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