Use Care When Crafting a Special Needs Plan

Parents with special needs children should speak to an experienced and qualified estate planning lawyer about creating a special needs plan if you haven’t already done so. Through a properly drafted special needs plan, you and your family can rest assured that the person with disabilities will have their needs looked after should the worst happen to you. A good special needs plan will also allow you to leave an inheritance, while at the same time taking advantage of any relevant government programs that might be available. As you create your special needs plan, there are several errors or mistakes you will want to avoid. Your estate planning lawyer will give you instructions on what you need to do, but in the meantime, keep the following concepts in mind. Carefully select the special needs trustee. When you create a special needs plan you will likely create a special needs trust. This trust will give you the ability to provide for the person with disabilities by taking some of your
http://www.norcalplanners.com/blog/estate-planning/care-crafting-special-plan/

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