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?...
You may be thinking about setting up a trust. Before you commit to a plan, make sure you understand the differences between the two basic types of trusts. ...
Among the many challenges for families is making sure there will always be enough money to provide lifetime care for special needs children. One solution is to fund a special needs trust with life insurance.
A good special needs plan involves many key players, including a guardian, a health care proxy, an executor, a trustee and possibly a trust protector. It’s a good idea to review these selections on a regular basis, because change is inevitable.
Members of the extended family and friends can also make gifts to a special needs trust once it has been set up.
