When planning for a loved one with special needs, it’s critical to ensure they are well cared for without jeopardizing their eligibility for essential government benefits. At the Law Office of Julie DesOrmeaux Rosenzweig, we specialize in special needs planning to protect your child’s future and provide for their care even after you are no longer able to do so.
Creating a comprehensive estate plan for a loved one with special needs involves more than just drafting a will. It’s about safeguarding their future by managing financial assets and ensuring their continued eligibility for benefits like Medicaid and Supplemental Security Income (SSI). We offer practical solutions that help you protect your child’s financial security without risking their benefits.
Special Needs Trusts
Establishing a trust to manage funds for your child’s care, without disqualifying them from government assistance.
Medicaid Planning
Structuring your estate plan to provide for your child’s needs while maintaining their access to important government benefits.
Financial Planning for Special Needs Families
Ensuring that funds are allocated effectively to support your child’s long-term needs, from housing to healthcare.
A special needs trust allows you to provide financial support for your loved one without affecting their eligibility for vital government benefits like Medicaid and SSI. This ensures they maintain access to necessary services while receiving additional support.
Planning ahead ensures that your loved one with special needs is cared for when you are no longer able to do so. A comprehensive plan including financial support will ensure that their needs are met in the future.
It’s essential to appoint a trusted individual to manage your loved one’s care and finances. Special needs planning allows you to name a trustee who will act in their best interest when you can no longer make decisions for them.
A special needs trust is a legal tool that allows you to set aside assets for the care of a loved one with special needs without affecting their eligibility for government benefits like Medicaid or SSI.
Special needs planning includes establishing a trust and providing clear instructions about your child’s care and financial support. This ensures that your child’s needs will continue to be met even after you are no longer around.
Yes, but you must do so through a special needs trust to avoid disqualifying them from government benefits. Directly giving money may affect their eligibility for essential programs like Medicaid or SSI.
Yes, because special needs planning involves complex legal requirements and ensures that your trust is properly structured to meet your loved one’s needs while preserving their eligibility for government assistance.
When choosing a trustee, it’s important to select someone who is trustworthy, financially responsible, and has the ability to manage the funds appropriately. This can be a family member, a trusted friend, or a professional trustee with experience managing special needs trusts.
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