By: Attorney Nathan Simpson
Growing up with a brother who is disabled, I know firsthand the importance of estate planning. The plans that my parents put in place now will have a significant impact on the quality of life for my brother after they have passed away. This means thinking further into the future than most people typically do.
Typically, special needs planners look to trusts that will enable those with disability to have assets available for their care without disrupting public benefits. This is a good first step, however it is not the only thing families should be concerned about. Planning for long term care costs for both themselves and their special needs child, in our case, my brother, should be a high priority. With Nursing Home costs exceeding $10,000 a month in some parts of the state, ensuring that there are assets to pass down to your children requires advanced long term care planning. Additionally, even establishing a basic estate plan that allows assets to avoid being tied up in a costly probate takes on a new level of importance for families like mine.
If your family is like mine, and you are concerned about creating a plan for members of your family with disabilities, talk to the Elder Law Attorney at Cooper, Adel & Associates. Our Elder Law Attorneys have the knowledge about both estate planning and government benefits you need to ensure that your family has their ducks in a row.
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