Using A Special Needs Trust To Look After Your Loved Ones
If you live with a loved one who has a disability, then you are probably all too familiar with the burdening worry that comes with thinking about their future. These concerns probably include how they will be supported financially in the future, who will take care of them if something happens to you, and what you can do to give them a better quality of life.
If these are familiar, you will be able to benefit from a special needs plan.
Why A Special Needs Plan Is Needed
Although estate planning is important, this becomes a critical matter when it involves a loved one with a disability. Inheritances over $2,000 for special needs children actually go directly to the government, as it diminishes a child’s eligibility for government care and may not even contribute to the betterment of their life.
Some parents make the mistake of leaving the inheritance to family members or others who may potentially take care of their child should something happen to them in the future. The best solution to ensure the inheritance is used to improve the quality of life for your loved one with a disability is through a supplemental care trust, also known as a special needs trust.
How We Can Help
Our attorneys at Giro & Associates LLC can provide you with options on how you can maximize your inheritance for your loved one through a special needs trust. With a focus on helping people with disabilities in New Jersey, our special needs trust lawyers can advise you on various aspects including:
- Administration of your trust and trustee representation
- Tailored estate planning
- Special education advocacy
- Establishing guardianships and conservatorships
- Public benefits
- Employment and residential issues
When we meet with a client, we work closely with them to ensure we understand their unique needs and develop a personalized strategy based on those factors. We are committed to helping you through your estate planning needs, no matter how complex they may appear to be.
Talk With Our Attorneys Today
We use our experience to review your case and use the most appropriate method to protect your rights and liberty. Connect with our River Edge office using our online form or over the phone at 201-771-9436 to begin the conversation with a lawyer who cares.