As many consumers have found, the search for professionals knowledgeable in the area of special-needs estate planning, and the protection of assets and benefits, can be very frustrating. Although many estate planning lawyers will assure clients of their ability to perform this specialized work, parents should be extraordinarily cautious in deciding which lawyer to retain.
There are a relatively small number of lawyers who have come to the law through the human services professions, equipped with the practical knowledge necessary to evaluate clients and their disabilities. Parents should seek financial planners who are familiar with the expenses of raising a special-needs child.
Most important, special-needs trusts should not be boilerplate documents. Every individual with special needs is unique. The document should show understanding of the person’s situation and capabilities.
Parents and beneficiaries can also use special-needs trusts to support advocacy and charitable organizations through charitable remainders, which can be incorporated into the trust. In this way, parents can not only insure the livelihood of their own children, but
also guarantee the security of those with disabilities for years to come.
also guarantee the security of those with disabilities for years to come.
Source: NYTimes.com
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