Your Special Needs Child is Turning 18? Important To-Dos
If you have a child with special needs who will soon be turning 18, the need to plan for your future, as well as your child’s, is crucial, and the time to plan is the present. Many parents don’t stop to consider that something could happen at any moment, leaving you or your child at […]
Early Special Needs Planning Can Save Assets
If you are the parent of a special needs child, you probably have concerns about how you can best care for and protect your child’s needs going forward. In most instances, putting protections in place to plan for your child’s future can help make your and your family’s financial position much more safe and secure. […]
The Two Types of Special Needs Trusts
The purpose of a special needs trust, sometimes abbreviated as an SMT, is to allow an individual who is disabled to still be eligible to pursue and recover various types of public assistance benefits — even if their assets would make them unable to obtain these benefits under usual circumstances. The State of California recognizes […]
Three Reasons to Consider a Special Needs Trust
A special needs trust, also called a supplemental needs trust, holds and protects financial assets for the benefit of a specified disabled beneficiary. There are countless reasons to select a special needs trust for the financial well-being of someone you love with special needs. Here are three of the most common for you to consider. […]
How Much Money Can You Put in a Special Needs Trust?
Parents with a special needs child understand better than most people the importance of preparing for the future. When they can no longer financially or physically care for their child in direct ways, they have options to ensure their child is still taken care of. One of these options is a special needs trust. What […]
Special needs trust: things to consider
When you have a child or close family member with special needs, you might need to form a special needs trust to plan for their future. The following is some information to consider when creating a special needs trust, and never hesitate to discuss specific questions with an estate planning attorney. Why a special needs […]
What can funds in a special needs trust be used for?
When someone has a disability, they cannot receive direct financial support from others and remain eligible for certain federal benefits. If you want to ensure they have funds to improve their quality of life, you can form a special needs trust. This is a legal tool that allows a third party to manage assets and […]
How to Plan for Nursing Home Long-Term Care Costs
As many individuals get older, they are faced with the reality that they may have to reside in a nursing home or assisted living facility at some point in the future. The costs associated with long-term medical care and treatment at these facilities can be extraordinarily high. Consequently, it is important that you start preparing […]
What Happens to My Online Accounts After I Die?
Your online presence might be very important to you and takes up a considerable amount of time in your day-to-day life. Establishing social media profiles and presence takes time and effort and is basically a creation that we make as a representation of ourselves. If you are wondering what happens to social media profiles after […]
Is That Really Enough to Retire?
If you are approaching retirement age, there are a great many factors to take into consideration. How much money do you need to retire? This is a popular and very important question that persons approaching retirement age, or even planning for their retirement, must carefully ask themselves. The answer can be established through a consideration […]