If you have an adult child with special needs, you no doubt worry what will happen when you are no longer here to care for him or her. This is especially true if your child requires constant care and supervision. ... Read More
If you are someone with a disabled or special needs child, you might consider creating a trust to provide for your loved one. Some disabled individuals create their own trusts, but in doing so, they may disqualify themselves from receiving ... Read More
One concern you need to have with leaving your child an inheritance is the effect it may have on his or her ability to receive federal benefits. Some options may reduce his or her benefits or make your child unable ... Read More
If you have a family member with special needs adults, you probably already know that they are more vulnerable than your other family members when it comes to manipulation or abuse. What you may not have considered is how a ... Read More
A trust is a financial planning instrument that contains assets and one person (the trustee) manages it for another person’s (the beneficiary’s) benefit. There are certain cases where you may want to set up a special needs trust to ensure that your family member ... Read More
Parents may know that a trust can provide long-term financial support for their special needs child. However, they may worry about how they will fund this trust and how the trust will affect their child’s federal benefits. Some parents may ... Read More
When creating a special needs trust, you need to make sure to choose the right type. There are two options: first-party and third-party. According to the Special Needs Alliance, the most important distinction between the two types of special needs ... Read More
When your child has a significant disability that is expected to last into adulthood, it’s critical to plan for the future. This usually involves setting goals like deciding where they will live, applying for government benefits, and establishing a special ... Read More
Once you have a comprehensive special-needs plan in place, it can be a relief knowing that your disabled child, family member, or other loved one’s future is secure. However, it’s always good to review their terms periodically to make sure ... Read More
According to a recent article, in the U.S., thousands of people who are ill with COVID-19 are living in homes for the disabled. This is highly concerning as many residents in these types of facilities already have serious medical conditions. Like ... Read More
