4 Reasons to Consider a Special Needs Trust
If you have a loved one with special needs, it is important that you consider a special needs trust and the entire legal ramifications of their situation.
Special needs planning is a unique opportunity for parents who have disabled children to coordinate their future. Special needs trusts are specifically designed to allow your special needs loved one to have access to funds and property, while also receiving essential governmental benefits. Both special needs planning and trusts protect the benefits that a special needs loved one requires to live a healthy and happy life.
Here are just four of the many reasons to consider a special needs trust:
- You have a loved one with special needs and want the peace of mind that they will be taken care of after you pass – but you do not want their governmental benefits to be taken away.
- You want to ensure that your loved one with special needs will have a sound, financial future and will not have to worry about handling money after you pass.
- You are worried about the care and living conditions for your loved one with special needs after you pass and want to make sure they have a specific care plan outlined.
- Your partner has dementia or Alzheimer’s disease and you want to ensure they will be taken care of if you pass away before them. We will further discuss this type of special needs trust in a future blog post.
Our team assists you in navigating the complex legal situations that arise when caring for a loved one with special needs. We design special needs trusts to protect your loved one and provide them with a secure future. If you have a loved one with special needs, we encourage you to speak with our special needs law attorneys so they can guide you to the best solutions.
If you have any questions regarding special needs planning and trusts, please contact us today at staff@pathfinderlawgroup.com or 410-296-6777. We would be happy to assist you and answer your questions.