Ensure that your loved one with disabilities is cared for in the future.
Special needs estate planning focuses on providing care for the needs of our loved ones with disabilities after we are gone.
Parents of children with special needs must make careful estate planning choices to coordinate all of their children’s legal, financial, and special care needs – both now and in the future.
We work with you to understand your financial situation your priorities regarding the care of your loved one. We also determine what benefits are available to provide medical, financial, and domestic support to your special needs child.
Usually receiving an inheritance, lawsuit settlement, or other monies will disqualify a special needs person from their government benefits. Special Needs Trusts are used to enhance the disabled person’s life while still allowing them to receive their public benefits such as Medicaid or SSI. The funds can pay for travel, education, a wheelchair accessible van, entertainment, medical care, and much more.
There are two main types of special needs trusts:
It’s never too late to protect your life’s work. When we sit down with you, we discuss your goals and look into the future to develop a complete plan that protects you for generations to come.
If you have been putting off making a plan, take action now while you are alive and well, before your family is left behind to suffer the consequences.
At Patrick J. Kelleher & Associates, P.C., we assist seniors, special needs individuals, and their families in making the tough but necessary decisions regarding their wishes, goals, and being mindful of future long-term care needs.
We would be honored to help you and your loved ones. Click here to get started.