Wednesday, September 3, 2014

Three of Six Reasons Why Your Family Will Have to Hire an Attorney For Your Estate

Lynn A. Dean,
Estate Planning Attorney
3. A gift has been made to a child who is disabled, and receiving government benefits

A child receiving benefits who receives an inheritance from a Will, Trust, or an IRA, will lose their benefits. With proper planning, a special needs trust can be created by the parents, and the child will have the benefit of the gift, and will not lose their benefits.

A Special Needs Trust protects the assets of a beneficiary with special needs after their parents’ death. If you are caring for an individual with special needs, you need to think about how that care will continue when you are no longer in the picture.

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