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Special Needs Trust
- IMPORTANT REPORT EVERY SPECIAL NEEDS FAMILY MUST KNOW ABOUT ESTATE PLANNING
- Planning for your autistic child’s future can bring peace of mind
- Five estate planning mistakes made by parents with special needs children
- Could you benefit from a Special Needs Trust?
News
- Many special needs children lack plans for lifetime of care...
Posted on 4/17/2009 - Importance of Special Needs Trusts Highlighted by Non-Profit...
Posted on 3/4/2009
Library
Special Needs Trust
- Part 11 of 12 - Facts Every Special Needs Family Must Know About Estate Planning
- Part 12 of 12 - Facts Every Special Needs Family Must Know About Estate Planning
- Part 9 of 12 Facts Every Special Needs Family Must Know About Estate Planning
- Part 7 of 12 - Facts Every Special Needs Family Should Know About Estate Planning
- Part 8 of 12 - FACTS EVERY SPECIAL NEEDS FAMILY MUST KNOW
Secure your child’s future with a special needs trust
The thought of what will become of a special needs child when parents or caregivers have passed away is too onerous to consider for many people. For some families of special needs children in Pennsylvania, the days seem too busy to devote to planning for what most hope is a far off event. However, despite the depressing nature of this subject, it is very important that parents think about the future and provide for their special needs children after their passing.
Many parents put off planning for their children’s future
Some surveys show that an alarming number of parents have not made plans for their special needs children. In addition, of those who have made plans, mistakes have been made that could prevent their children from qualifying for federal aid. If you are the parent of a special needs child, perhaps it is time to ask yourself if you have done everything in your power to secure the future of your child. If you haven’t – then you are not alone. A recent survey by The Hartford found that 62% of parents with special needs children have no plans to cover the long-term care of their children.
By some estimates there are over 2.5 million children living in the United States with special needs, and that number just keeps going up every day. With so many kids requiring long-term care – care that will often be needed after parents pass away – solid plans for the future are of paramount importance. These plans are often neglected because many times parents are so busy caring for their children that they simply don’t have the time to devote to estate planning matters. Planning for what will happen after they die is something that keeps being put off, and while this attitude is understandable, it is also risky.
Special needs trusts can protect your child
In the unfortunate event that a child’s parents pass away unexpectedly, something like a special needs trust will ensure that the special needs of the child will be taken care of. Parents who plan for their own deaths can feel reassured that their children will be well taken care of when they are gone. To ensure that your special needs child is protected, work with an estate planning attorney to develop a special needs trust. This is a way to protect your assets and ensure your child will remain eligible for government aid.
A secure future is a wonderful gift to give your child. To speak with an experienced estate planning attorney with experience setting up special needs trusts, please contact the Pennsylvania law offices of Shields and Boris.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 200
Wexford, PA 15090
Toll Free: (800) 879-0984
Phone: (724) 934-5044
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
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