Securing the successful future of a loved one with a disability or medical condition requires expert guidance and personalized planning. Parents and caregivers of special needs individuals should consider financial and legal planning to preserve quality of life for their loved ones. An effective estate plan offers long-term support for special needs individuals of all ages. Planning for a loved one with a disability requires a comprehensive and tailored approach to help establish their medical and financial stability.
March is Developmental Disabilities Awareness Month, which celebrates the achievements of individuals with disabilities and advocates for their rights and inclusion. The month also provides the catalyst to raise awareness about estate planning for individuals with special needs.
The Law Offices of Max J. Paul prides itself on being a Florida law firm dedicated to providing compassionate and effective special needs estate planning counsel and advocacy for children and adults. To accomplish this mission of a client-centered approach to estate planning, we actively listen to clients so that we can learn about their lives and their needs while treating them with the utmost respect, kindness, and empathy.
An estate plan addressing the requirements of loved ones with special needs will be detailed and extensive. Estate planning for special needs adults and children involves specific considerations that go beyond traditional wealth distribution. The plan should include legal documents, such as a will, power of attorney, medical directive, and a trust. Special needs estate planning may involve creating disability trusts and supplemental needs trusts. These tools ensure your loved ones get the care they need without losing government benefits.
Individuals who have special needs may not be able to manage their own care or make critical decisions, so an estate plan can include the following:
- The loved one’s long-term care and/or supervision
- Money management
- Designated guardianship and/or conservatorship
- The names of the individuals who are part of their support team
- Protection of government benefits and eligibility
Families who have loved ones with special needs, whether minors or adults, must take care in developing their estate plans. Take the steps now to properly protect and provide for them in the future.
If you or a loved one needs a custom estate plan, we offer tailored legal services for your family’s needs. Fill out our online form today or call us at 561-807-1977.