When estate planning for special needs there are quite a few terms you should be aware of, to understand the scope of work involved. Third-party special needs trusts sometimes referred to as supplemental needs trusts are estate planning tools for those parents of...
When you have a child with special needs, it is crucial to plan their future with the utmost care as they will meet additional challenges to care for themselves and their lives. According to the US Census Bureau, between the years 2008 to 2019, the biggest increase in...
If you or a loved one is in the market for special needs housing that will meet the needs of your loved ones, there are some tips to consider before you begin the process. The US Department of Housing and Urban Development (HUD) website lists state and local...
Writing a letter of intent (LOI) for your special needs child can help bring them family continuity and comfort after you are gone. As a parent, the most valuable asset your child has is you and your ability to care for them. You, like no other, fully understand the...
There are numerous care options available for adults with special needs in California. The options available range from those with special needs who are able to be more independent to those who need advanced medical care. It is important to match the person’s needs...
Parents and caregivers of special needs dependents need to provide for them intelligently and adequately with proper special needs planning. There is a balance to be struck between government benefits, which generally only meet the most basic of special needs, and the...
In general, a trust is created when property or assets are managed by a person or firm for another person’s benefit. The person or entity who manages the trust is known as the “trustee” and is responsible for making decisions in the best interest of the person who...
There’s a lot of bad information on the internet that directs parents of children with special needs to completely disinherit their child in order to maintain his or her eligibility for government benefits such as Medi-Cal, Supplemental Security Income (SSI), and...
A Special Needs Trust (also called a Supplemental Needs Trust) is a legal document that holds assets for a person with disabilities, while also providing legal authority for a trustee to manage money and make financial decisions on behalf of the individual with...
Estate planning is incredibly important for all parents, as it allows them the opportunity to make very difficult choices. It provides the chance to determine who will raise your minor children if you can’t, what money will be set aside or used for their upbringing,...
If you have the responsibility of a loved one with autism, the fate of this person’s future is in your hands. Planning for this person’s future is not a task to take lightly, or to begin without careful planning. Although the specific needs of an autistic...
Estate Planning for Families with Disabled Persons and Special NeedsOctober 27, 2021
