Parents of disabled children, whether minors or adults, have special concerns. In addition to typical estate planning, they must consider who can serve as caregiver upon their death, and how to finance that care. In addition, these parents must consider whether an inheritance by their child could terminate government entitlement programs (such as Medicaid and SSI) that finance the lion’s share of associated costs.
Through careful planning and the use of appropriate trusts (such as a Supplemental Needs Trust), these parents can ensure the best possible funding of care for their children.
We can also assist people who become responsible for disabled individuals after the death of a caregiver, parent, or family member.