When developing an estate plan, your number one priority will likely be the health and stability of your child with special needs. Children with special needs require a lot of care and attention, which can be expensive. It may be in your best interest to make sure your estate is set up to optimize the care they will receive. When you hire a special needs trust lawyer, you’re helping to make sure your child never has to worry about their needs being met.
A special needs trusts lawyer will get your estate paperwork started, explain every detail with you, tailor create a plan to specifically fit your child’s needs, appoint a trustee and ultimately, fund your trust.
Creating a special needs trust can be confusing. Ensuring the accuracy and stability of your special needs trust can be a big help to your child with special needs well into their future. Call our law firm today at (210) 655-9090 and get the help you need to create the right special needs trust for your estate plan.
Can a Special Needs Trust Attorney Help Update My Trust?
Your needs of your estate trust will evolve as life goes on. A special needs trust attorney can help modify your trust to adapt to changing circumstances. You may need to add new assets or rearrange the way your trust is distributed to your beneficiaries to optimize the benefits your child receives. A special needs trust attorney can also help close the trust entirely if unexpected circumstances arise.
What’s in a Special Needs Trust?
The most important aspect of creating a special needs trust is funding it in a way that makes sense for you, and ensures your child is taken care of. You can fill the trust with all sorts of assets. These can include, but are not limited to property, investments, jewelry, businesses, and more. Putting all these assets into a trust is a way to ensure your child can use any of these assets while also receiving government benefits. The trustee can also liquidate assets for cash in order to take care of medical care for your child with special needs.
Do I Need to Hire a Special Needs Attorney?
Trusts, especially special needs trusts, require a vast understanding of the system and a lot of attention to detail. When it comes to creating a professional special needs trust for your loved one, reaching out to Laura D. Heard Law Firm Inc. can be a great way to make sure your trust is put together properly. Call us at (210) 655-9090 to get the help your family deserves today.