Most Adults With Special Needs Require Estate Planning Documents
In most cases, people with disabilities have the capacity to create their own estate planning documents, and in some cases it is crucial that they do so.
In most cases, people with disabilities have the capacity to create their own estate planning documents, and in some cases it is crucial that they do so.
Here are some of the questions you will need to consider in guiding your attorney to create a special needs trust.
If your child has special needs, a standard estate plan -- will, trust, power of attorney, and health care proxy -- may not be adequate for your family. Here are three must-have documents...
Retirement accounts like 401(k)s and IRAs make up the majority of most people's savings. While these plans encourage saving by offering significant tax rewards, they were certainly not set up to help families with special needs.
What is special needs planning and how can special needs trusts help people with special needs?...
Members of the extended family and friends can also make gifts to a special needs trust once it has been set up.
If you have funds in an IRA that will be distributed to a special needs trust upon your death, it is usually best to stretch these distributions out over as long a period as possible for income tax purposes.
According to court documents, legendary singer Aretha Franklin did not have a will when she died, meaning there are no specific protections for a son with special needs.
Administrator-managed prepaid debit cards offer beneficiaries of special needs trusts greater independence, but up till now such cards existed in a regulatory gray area.
