If you have a loved one with special needs, you will want to make sure that their future is protected. That is why you should retain the services of a dedicated California estate planning attorney to get started. Our firm is ready to help you and your family plan ahead. Continue reading and contact us today to learn more.
Who would benefit from a special needs estate plan in California?
There are many individuals that may need the aid of a special needs estate plan. This refers to those who cannot live independently because they have certain conditions, such as autism or Down Syndrome. Others who may need this plan can include individuals with a progressively debilitating disease, such as Parkinson’s, Alzheimer’s, or ALS.
Why is a will or trust not enough?
When it comes to estate plans, fund distributions from an estate can involuntarily exclude a person or their loved ones from receiving government benefits. It is important to consider a special needs estate plan so that your loved ones can be protected beyond the essentials, but also with unknown issues that can guarantee that your loved one will never lack these non-essentials that are not covered by government-funded programs. Non-essentials may refer to companionship, clothing, any necessary aid, dental care, the ability to see family, and more.
If you have questions or concerns about a special needs estate plan in California, do not hesitate to reach out to our skilled estate planning attorneys to discuss the specifics of your case and your options.
What is the purpose of a third-party supplemental needs trust?
A third-party supplemental needs trust may be beneficial depending on your family’s circumstances. This trust is used to benefit an individual with special needs through a third party. This person can be a family member or friend and can be created with money set aside by that individual to provide for that individual with a disability. With the help of this trust, the assets can be available to that individual without making them ineligible for government programs like Medicaid and supplemental security income (SSI).
If you would like to learn more about trusts for those with special needs, our legal team can help. It is in your best interest to reach out to our firm today to discuss your choices.
Contact our Firm
Working with an experienced estate planning attorney, such as Jaci Feldman of the Woodland Hills, California, Law Offices of Yacoba Ann Feldman, will ensure that you are taken care of when you need it most. Do not delay. Estate planning is a more urgent matter than you may think. You never know what the future holds. Contact The Law Offices of Yacoba Ann Feldman to schedule a consultation today.