Tag Archives: special needs trust
How Will an Inheritance Affect My Child’s Legal Standing?
In preparing a Florida will or trust, you need to be mindful of the potential financial impact an inheritance may have on your children or other beneficiaries. If you have a disabled adult child receiving means-tested government benefits, for example, suddenly receiving a large sum of money from your trust could render them ineligible…. Read More »
How Can a Florida Medicaid Lien Affect My Estate Planning?
Many low-income Florida residents require assistance to pay their medical bills. Medicaid provides such coverage with an important caveat: Florida officials may seek reimbursement for any medical costs paid from the recipient’s assets. This includes the estate of any deceased recipient. This is why many people with a family member receiving Medicaid benefits choose… Read More »
Special needs families & retirement: Three steps to success
It is common for parents to do everything they can to help better ensure their children’s happiness. Ideally, we hope that our little loved ones will find independence as well. Many do, some do not. Some require extra care as a result of a physical or mental disability. In these situations, parents still wish… Read More »
Estate planning tips: Children with special needs
Planning for your family’s future financial needs can be intimidating. It leads to a myriad of questions. How much will it cost to keep the house? What should I set aside for medical and dental bills? What about college costs? These questions multiply when a member of the family has special needs. Special needs… Read More »
The benefits of a special needs trust
Many senior citizens in America, including those here in the South Florida area, depend on government programs such as Supplemental Security Income and Medicaid for their benefits. Some of these residents may be physically or mentally disabled and unable to care for themselves and really need their coverage. But, what happens if this mentally… Read More »
Providing for a disabled heir with a special needs trust
Many Florida residents beginning the estate planning process have questions about how to provide for a family member with a physical or mental disability. If the disabled individual is receiving benefits from need-based government programs like Medicaid or Supplemental Security Income, a large bequest in a will or trust could end up disqualifying him… Read More »
Importance of estate planning highlighted in veteran’s dilemma
Some people are questioning what happened after a distinguished World War II veteran was removed from his home and placed in a nursing home by a court-appointed conservator. According to reports, the 96-year-old man was unnecessarily forced to move out of his home which has since drained his life-savings in nursing home expenses. Friends… Read More »
