In this Elder Law Minute, Wes Coulson reviews the nine most costly mistakes in special needs planning. Disinheriting a child, creating a generic trust, and procrastinating are just a few mistakes parents of special needs children can make in their planning.
The 9 Most Common Mistakes in Special Needs Planning
Hi, I’m Wes Coulson and this is your Elder Law Minute. If you’re the parent of a special needs child, whether that child’s 4 or 45, you might want to send for our brochure, 9 Costly Mistakes to Avoid When Planning for A Special Needs Child. There’s really a lot of helpful information. Let me give you some examples. Here are common mistakes: disinheriting your child; ignoring their special needs when creating a trust for them; creating a generic trust that doesn’t fit; procrastinating; failing to invite contributions from other family members; choosing the wrong trustee; relying on your other children to use their money for your special needs child; failing to protect your child from special needs predators; and failure to properly fund and maintain the plan. You can learn how to avoid those mistakes by sending for our free brochure and also, give us a call. We’ll talk about it. Thanks!
For more about special needs planning, visit:
- The Advantages of a “Stand Alone” Special Needs Trust
- Insurance and Special Needs Planning
- Special Needs Planning
Coulson Elder Law is dedicated to providing families in the St. Louis area with their Elder Law needs. Our practice areas include Asset Preservation Planning, Veterans Benefits, Medicaid Eligibility, Alzheimer’s Planning, Special Needs Planning, Estate Planning and more. We understand the financial challenges you may face as you and your loved ones grow older. At Coulson Elder Law, our clients’ well-being is our number one priority. For immediate help, call (877)995-6876 or Contact Us and we will get in touch as soon as possible.