In estate planning, special needs children require special consideration. You’ll need to assess how your child will be able to function in the world as they age. There are many questions to answer, including: What is the child’s long-term prognosis What type of care is anticipated to meet their needs?
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The equitable division of assets among children is the logical and right decision in many situations. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estateâ€™s assets due to ensuing litigation, or cause other family issues after you are gone. While the answers
An estate plan consists of several documents that outline a person’s wishes. During the process, you can name people to make financial decisions on your behalf when you are unable. You can designate beneficiaries for your assets. You can also express your wishes for what type of medical care you
A special needs trust (SNT) is usually created and funded by the grantor (the person who creates the trust). However, it is crucial to choose a successor trustee who will continue properly managing the SNT to benefit the individual with special needs. When selecting a reliable, honest, and capable successor
Estate planning and elder law differ from each other when it comes to planning for your future financial affairs and health care needs. Estate planning and elder law also have some similarities. Even though these two types of law are for different stages in life, they are often handled