Estate Planning for the Special Needs of Children
Nothing is more important to a parent than their child. If you have children, then you understand the compelling need to protect their future and safeguard their security. The need to protect a child is elevated in situations where a child has a physical or mental disability that makes it difficult or impossible to ultimately live alone as an adult.
If you have a child who is physically or mentally challenged and needs special protections, a special needs trust can be an important measure for their protection. A special needs trust is generally created for the benefit of children who are receiving certain types of government assistance or who may be receiving government assistance in the future.
Social Security Disability Recipients
Any parent who has a child that may be eligible for Social Security Disability (SSDI) payments should understand the financial eligibility requirements for SSDI. To be eligible for SSDI benefits, a person must have limited income and limited assets. If you have a child who is receiving or about to receive SSDI, you should speak with an attorney about a special needs trust.
A special needs trust is used to provide assistance for your child without compromising their ability to receive SSDI payments. An experienced estate planning attorney can explain the benefits of a special needs trust and discuss the financial and legal ramifications of creating a special needs trust. Attorney David Van Benschoten has more than 30 years of estate planning experience.
Contact Us
To speak with a lawyer about your estate planning needs, contact Francello & Van Benschoten in Saugerties, New York. We are pleased to serve clients throughout the Mid Hudson Valley. To contact our firm, call 845-247-5356, or contact us by e-mail.
