Planning For The Future: Special Needs Care
No matter what age your special needs child is, there is never a time that is “too late” to start planning for your loved one. Here are some considerations if you are wondering about how or why to start planning for the future of your special needs child.
The Sooner The Better
Even if you are late to making arrangements, it is almost never too late to start planning for your special needs child. Sivia Law has experience in Estate Planning and Special Needs Planning, so we can familiarize you with laws made to help people with special needs save money to be used in the future.
Additionally, there are benefits and programs in place to utilize for your loved one. Getting a consult with someone knowledgeable in areas of special needs law can help revaluate a current estate plan.
Think Long-Term
You want to have plenty of preparation so your loved one thrive, so consider the future and all the uncertainties life can bring. Some essential plans to have in place would be an estate plan involving wills, trusts, powers of attorney, or life insurance for you and your child.
With these documents, you can choose where your assets go after you pass. In the event you pass before your special needs child, these plans ensure that they have money and receive care.
Act Now To Avoid Consequences of Having No Plan
Without having a plan in place, there is a possibility that well-meaning family members could supply your special needs child with money that could put them out of the range to earn certain benefits like SSI or Medicaid.
Additionally, not planning taxes ahead of time could mean that your child receives less than they could have had there been a proper estate plan. By planning in these areas ahead of time, you can enjoy the freedom of knowing that your loved one will be cared for the way you intended.
Interested in Working With Us?
If you need any help regarding your estate or other legal matters please reach out to us directly here and schedule a call with one of our paralegals on our scheduling page here.
Interested in Working With Us?
If you need help with estate planning or any other legal concerns, we are here for you. Don't hesitate to contact our firm directly for assistance. Our dedicated team is ready to provide support and guidance to you and your loved ones during important life transitions.
Whether you're ready to schedule a strategy session to discuss your specific needs or if you're interested in exploring our wide range of complimentary guides and additional resources, we encourage you to get in touch with us.
With licensed attorneys and offices located in both Illinois and Missouri, we are well-equipped to serve clients in these regions. Reach out to us today and let us leverage our expertise and care to guide you through the legal process.
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