Picking a guardian for a child with special needs gives you some peace of mind. You know that you will likely outlive your child, but your child will still need some level of assistance after you are gone. The guardian you chose will be there to provide that...
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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Estate Planning
Who should you choose as your estate’s executor?
You’re young, but you’re often away on business and in situations where there’s a potential for plane crashes, car crashes and travel-related illnesses. You know that something could go wrong, and you want to have someone there to take care of your estate if you pass...
Why do you need a power of attorney for your parent?
You know that your parent lives a complicated life. Maybe they’re alone after a divorce or the death of your other parent, and they have a lot of things they need to handle on their own. How do you know if a power of attorney would be beneficial? Remember, a power of...
Can you remove a trustee from their role?
There are a variety of reasons why individuals set up trusts. Many use them as an asset protection tool to avoid the probate process or minimize their tax obligations. Countless others do so to preserve their loved one's eligibility for government benefits. Owners...
Trusts can avoid the chance of someone challenging your wishes
You have the right to create your estate plan as you see fit. Yet, sometimes people may try to challenge your decision once you have died. Using a trust is one way of preventing them from doing so. If you have a child with special needs, you may decide they need more...
You might need to reduce your estate to lower tax on it
When you create wealth, you typically pay tax on it at the time. Yet, if you are not careful, you could end paying tax twice: once when you earn the income and again when you leave it to your family. You may need to reduce your estate's value to keep it beneath the...
3 reasons to revisit your estate plan when you retire
If you own your own home, have children or run your own business, you probably already have an estate plan. Many responsible adults recognize that estate planning protects not only themselves but the people they love. Other than failing to create an estate plan,...
5 mistakes to avoid when special needs estate planning
Failing to make an estate plan is a significant error for anyone, even more so when you have a child with special needs. Other people’s children will be able to work and survive regardless of whether their parents leave them anything. Your child may be unable to work...
What can you do if you are worried about a guardian?
If you have a family member with special needs, they may have a guardian to protect them. However, when a court awards such power to an individual, there is always a risk they abuse it. Guardians play a critical role. If a person cannot manage their personal and...
What is unique about special needs planning?
Every parent needs to ensure they have an estate plan to help transfer their assets to their children effectively. If you are the parent of a child with special needs, it is even more crucial. Special needs children need additional financial help Special needs...
