One way to ensure your loved one is taken care of is through special needs planning. In this Elder Law Minute, Wes Coulson talks about planning for a family member with special needs, and how a Special Needs Trust may be beneficial for their future.
Special Needs Planning
Hi, I’m Wes Coulson, and this is your Elder Law Minute. This is a special message today to the families that have a special needs member and are concerned about planning for them.
You need to plan for a special needs family member through something called a Special Needs Trust. A Special Needs Trust is a way of setting aside money for their benefit in a way that it will be there for their lifetime help and support, but is not going to affect their eligibility for any benefits where the amount of their assets is a consideration in determining their eligibility. So if you have a special needs family member, give us a call and come see us. We can help with planning that’s going to make a world of a difference in their lives. Thanks!
For more on Special Needs Trusts and Special Needs Planning, visit these articles:
- The Advantages of a “Stand-Alone” Special Needs Trust
- Don’t Disinherit a Special Needs Child
- The 9 Most Common Mistakes in 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.