https://www.paestateplanners.com/ If you have a child with a disability, you are well aware that your loved one has certain needs that require constant care and support. Some of those needs are critical to your child’s quality of life, which is why it is important to set up a special needs trust (also known as a supplemental needs trust) to ensure your son or daughter will be provided with the same care in the event you are gone.
While no one wants to think about passing away or becoming incapacitated, a car accident can change everything in the blink of an eye. This is why it is critical that you protect your assets so your son or daughter will be able to receive those assets without it affecting his or her government eligibility for programs like Medicaid and Social Security Disability. Setting up a trust for your child with special needs can ensure your son or daughter has the funds to pay for education, recreation, and counseling. Even while you are still alive, having a special needs trust will increase your child’s quality of life without causing a loss or suspension of government benefits.
To find out more about special needs trusts, speak with an estate planning and trust attorney with experience in this area. You can reach the law offices of Unruh, Turner, Burke & Frees for a consultation at 610.933.8069 or contact us online at https://www.paestateplanners.com/contact.cfm.