Creating Plans For Adult Children With Special Needs
For parents who are planning for an adult disabled child or a child with special needs, there are unique challenges that require focused attention to detail. The attorneys at Kroener Hale Law Firm provide comprehensive estate planning services to families throughout southeast Ohio.
Our team of experienced lawyers takes the time to learn about our clients’ needs. We offer straightforward advice to help you make informed decisions that can provide greater security for adult children who have special needs.
Understanding Special Needs Trusts
Parents who have children with special needs are focused on finding ways to provide for them within their estate plan. One common belief that people have is that the best way to leave a child with special needs assets is through their will.
However, that may not be the best way to gift them money. By receiving cash as a gift or through an inheritance, the child may become ineligible for Medicaid and Supplemental Security Income (SSI) benefits.
A better option may be to establish a special needs trust. These trusts outline clear rules for providing income to a beneficiary with special needs and help avoid having the child become ineligible to receive public assistance.
Our team understands the nuances of creating a special needs trust tailored to accomplish your family’s goals. By taking a personalized approach when meeting with families, we are able to offer advice that can help protect your loved ones today and for years to come.
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