Estate Planning Tips: Planning For Children with Disabilities

Planning ahead as a parent is essential when you have a disabled child. Executing a Special Needs Trust can be one of the many ways a disabled child will be taken care of. Attorney Inna Fershteyn can help you with this process. The following highlights some areas of the Special Needs Trust an individual should be thinking about:

• A parent may create a Special Needs Trust for a child with a disability that is designed to coexist with the eligibility of the government supplemental programs such as Medicaid.
• A Special Needs Trust is only available to individuals who are disabled and under the age of sixty-five.
• The trust may be funded with the assets of the individual who is disabled and must be created for his or her benefit by a parent, a grandparent, or a legal guardian of the individual or a court.
• Once the trust is created; a Trustee will be appointed and will be responsible for maintaining the trust. The Trustee has to maintain the trust because it is used to provide care for the disabled individual.

When a Special Needs Trust is appropriately drafted, the terms will prohibit the Trustee from using the trust assets to pay for items or services that are not provided by the public benefit system. The Special Needs Trust acts with government public benefits, filling in gaps and providing supplementary care that might otherwise not be accessible.

A Special Needs Trust is essential if your child is dependent on you for financial or caring needs. It is never too late to start planning for your child. If you are seeking to establish a Special Needs Trust or require some insight on Planning for your Child with Special Needs, seek an Attorney who has experience in working with families with Special Needs. Contact Attorney Inna Fershteyn today for assistance in Planning your Special Needs Trust.

Law Office of Inna Fershteyn & Associates, P.C.
(718) 333-2394
www.BrooklynTrustAndWill.com
1517 Voorhies Avenue, Suite 4
Brooklyn, NY 11235