Estate Planning Isn’t Just For The Elderly
If you are caring for someone you love with special needs, you may consider how a trust can help at some point. The purpose of a trust established for someone with special needs is to manage assets outside of the government benefits he or she receives. There are three...
Caring for your child with disabilities is something you take seriously and you need someone you trust to take over this responsibility in emergencies. Establishing a guardian as part of your long-term care plan can help you protect your special needs child. A...
Having an adult child who has special needs often requires planning for the future. After all, your child's condition may make it exceedingly difficult both to work and to pay for living expenses. If you are thinking about using your estate plan to provide for your...
Parents of New York children with special needs often establish special needs trusts as a way of leaving assets behind for the child without disqualifying him or her from public assistance. Special needs trusts are complex and sometimes difficult to administer....
As the parent of a special needs child, you probably worry about how to provide for your child after your death. You may have heard that taking out a life insurance policy on yourself is one way to secure your child’s future. A whole life insurance policy may be of...
You understand that your special needs child will have challenges exercising self-care when you are no longer around. With a special needs trust, you can put aside money to provide for your child’s needs. But you should do more than just establish a trust. Writing...
As a New York parent of a child with special needs, you may need to take extra time and care when making an estate plan so that you do not jeopardize your son or daughter’s eligibility for government benefits. Many parents of children with disabilities create special...
If you have a child with special needs - one who cannot care for himself or herself without adult assistance - what will happen when you're no longer around to help? Perhaps a relative will be available to help your child. Or, maybe no one will be able to fulfill your...
The diagnosis of autism in young children is on the rise. Nearly 2 percent of male infants and 0.5 percent of female infants are born with autism and eventually diagnosed. Overall, that means that 1 in every 68 children born in the United States has an Autism Spectrum...
Special Needs Trusts, also known as Supplemental Needs Trusts (SNT), play an important role in the planning for a disabled individual. Continuing from my last post, here are a few additional SNT options: Pooled Self-Settled SNTA pooled self-settled SNT is managed by a...