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When it comes to estate planning, many create it to serve their needs and wishes in the event of their death or incapacitation. While these are not easy events to consider or plan for, the reality is that you never know what the future holds. The same goes for parents of children with special needs. An estate plan could serve…
Special needs trusts help many disabled Californians retain their eligibility for public benefits while holding different types of assets in trust. This can help people with special needs receive benefits through services such as Medicaid while providing them with other assets when they need them. A special needs trust can be a valuable and practical estate planning tool. An experienced…
A special needs trust is an estate planning tool residents of the Bay Area may want to create in order to provide for a loved one who has a disability. For example, parents of an adult child who cannot function independently should consider this option. The special needs trust is one way Californians can provide for their disabled loved ones…
A special needs trust can be a great way to provide your loved one with financial resources while protecting his or her ability to obtain government benefits like Medicaid. Yet, there are a lot of misconceptions out there about special needs trusts. For example, many people think that the restrictions placed on the use of assets placed in a special…
A special needs trust can provide benefits to families which is why they are an important estate planning tool to be familiar with and understand. Estate planners considering estate planning options should what a special needs trust is and the benefits of having one included as part of their estate plan. How a special needs trust can be helpful A…
If your loved one in California has special needs, it’s not always easy to tell if they will outlive their money. A special needs trust can provide financial security and comfort for your loved one in the future. Read on for more information about these trusts. What is a special needs trust? A special needs trust is a legal arrangement…
For California parents and relatives who care for a loved one with special needs, it is important to think about the future. The proper care must be provided for their lifetime and it is no guarantee that the current caregiver can continue that indefinitely. This is especially worrisome with children, but it can impact anyone. A special needs trust can…
Trusts refer to when property is managed by someone for another person’s benefit. The property that is managed can include real estate, finances and other tangible items of property. A special needs trust is a type of trust that can provide certain benefits to estate planners that they should be familiar with. What is a special needs trust? A special…
A child with special needs or a disability may need help with protecting their financial future and assuring that their needs are met. Through effective estate planning, you can address their financial needs by establishing a special needs trust that protects their assets while they receive government financial assistance. Financial needs A child with a disability or special needs may…
If you’re taking care of someone with special needs in California, you’ve probably wondered who’s going to take care of that person after you pass away. To make sure he or she receives the best possible care, it’s important to start planning sooner rather than later. You may be young now, but you don’t know what’s going to happen in…