Special Needs Planning
- The trust can be customized to provide for the disabled person's specific needs.
- The disabled beneficiary's eligibility for government benefits is preserved.
- Family conflict is avoided.
- The need for a court-appointed guardian to oversee the beneficiary's inheritance may be eliminated.
- Any assets remaining in the trust following the disabled beneficiary's death can be distributed to other beneficiaries specified in the trust agreement.
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Leaving your loved one's future in the hands of someone else is not an option!______________________________________
What should you do today?
- Carefully analyze your budget.
- Review your assets.
- Review your current estate planning.
- Keep your plans flexible and adaptable.
We can help you with:
- Strategies that will provide for your loved one.
- Legal documents that need to be in place.
- Strategies for funding your Special Needs Trust.
If you have a disabled child or family member, meeting that person’s needs is a top priority. You provide physical and emotional support, arrange for care, and coordinate essential government benefits. What will happen when you’re no longer able to make sure these things are being taken care of for your loved one? A “Special Needs” Trust offers the peace of mind you want – and the effective financial solution you need.
A Special Needs Trust allows you to leave assets to a loved one and preserve certain government benefits. Trust assets generally may be used to provide your disabled beneficiary with special or supplemental benefits, but not with certain other essentials, such as food, rent, medical care, or other basic benefits provided under a government program.
info@chaseadams.net
