When it comes to special needs planning
, creating a trust isn’t all you’ll need to do. An experienced special needs planning attorney can help make sure all of your bases are covered by also reviewing the following:
• Transition planning
. For parents of adolescents with special needs, it’s important to set up a plan for how they will transition into adulthood with as much independence as possible. Parents should design an Individualized Education Plan (IEP) to address the academic, social, and life skills their child will require.
. If a child with special needs will be unable to make important decisions on their own, parents or family members may want to establish a guardianship. This will allow someone to look out for and protect the best interests of the individual.
• Government benefits
. As previously discussed, eligibility for benefits programs will be based on the income and assets of the person with disabilities. Rather than protecting the beneficiary, receiving a sum of money or inheritance may inhibit them from receiving essential support, so it’s important to plan accordingly.
• Beneficiary designations
. A special needs planning lawyer from our firm will review your beneficiary designations to ensure they’re not in conflict with your estate plan.
• Letter of intent.
A letter of intent can help you communicate essential information about an individual with special needs to their caregiver upon your passing. It may include medical and educational history, likes, dislikes, habits, aspirations, lifestyle, quality of life considerations, and more.