Many people managing the care of a family member with special needs incorrectly assume that individual must be disinherited so that they are not disqualified from benefits. There are many options that offer much better long-term protection to your loved one. However, if you are or will be the primary long-term caregiver of a disabled family member, a plan must be put into place to ensure their unique financial, health and physical needs are met if you can no longer care for them.
This planning may include special needs trusts, powers of attorney and others with unique language to protect the beneficiary who has a disability allowing them to utilize government assistance while protecting inherited assets.
These issues can be hard to think about, but we can help you through it. If special needs planning sounds like a tool that could help you provide better care for a family member, please contact us to talk about your options.