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If you have a loved one with special needs and you’re their main source of support, you probably worry about what will happen to them if you should pass on. A special needs trust is a way to set aside funds to support family members who cannot support themselves completely after you pass away. Whether your loved one has dementia, a lifelong disability, or another condition, you don’t want to leave their care to chance. Setting up a special needs trust is the best gift you can leave to them when you depart from this life. Our estate law team can help. Make an appointment to discuss what a special needs trust can do for you today.
Contact Klein Law Firm, P.C. to schedule a consultation with a lawyer today. 720-802-5171
Many people with disabilities are eligible for government benefits. However, if you simply leave a sum of money or other valuable assets to them in your will, that usually makes them ineligible for those benefits. Creating a special needs trust can allow your loved one to continue receiving government benefits while giving them a financial safety net to meet their needs. If your special needs family member needs a guardian after you pass, a special needs trust can provide for that situation as well. Don’t risk your loved one’s future when a special needs trust is available. Let one of our estate attorneys create a special needs trust for you today.
At the Klein Law Firm, P.C. we generally assist people with special needs planning and administration in three different scenarios:
(1) If you have a child or a loved one with special needs, planning may be required to ensure that this person is provided for when you are no longer able to help him or her, and to ensure that he or she maintains eligibility for public programs that the individual depends upon.
(2) A person with special needs may obtain a lawsuit judgment or settlement, or may receive an inheritance or interest in a trust after the death of a loved one. There may be legal options to preserve assets from the windfall to ensure that this property is available to improve the recipient’s quality of life.
(3) An individual or institution who is serving as trustee of a special needs trust may need assistance with the unique and complex administration issues surrounding special needs trusts.
To find out more about special needs planning or administration or for a free consultation, please call us today.
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Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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