In this election season and numerous others, there are many debates on which government programs should stay put and which ones should be cut. Oftentimes, the disabled population gets forgotten in these debates. If you have a family member with special needs, what are you to do if the aid they depend on gets thrown on the chopping block? Planning ahead is a must in this situation.
Unfortunately, few parents of children with special needs fully appreciate what is at stake and how to protect it. To make matters worse, too few professionals are versed on the need to provide a long-term solution for such children, especially with shrinking public assistance benefits.
The New York Times recently provided a mini-primer of sorts on the subject titled “Assuring Care of a Family Member With Special Needs.” While proper planning will vary from one family to another, given different needs, there are many tools to employ ranging from special needs trusts to life insurance. The key is to know which ones to use.
As funds available for public assistance programs such as Medicare, Medicaid, and Social Security become more restricted and unpredictable, planning for special needs is going to be more and more important each year. Seek appropriate counsel for your special needs family member to gain peace of mind for their future care.
We take care of families for life with our Client Care Plan. We not only “create” their Will and Trust, but we “maintain it and keep it updated” for them throughout their life! The meter is not running for our ‘Client Care Plan’ members!
If you have any questions or would like to schedule a consultation please call Attorney Patrick Kelleher at 781-871-PLAN (7526) or by email at Pat@myfamilylifeplan.com
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Patrick J. Kelleher is a South Shore, MA resident and estate planning attorney serving and protecting families and businesses in the South Shore, MA area. For more information on estate planning visit our firm’s website at www.MyFamilyLifePlan.com where you can check out our Blog, free Newsletter library, free Estate Planning Channel on Youtube and sign up for a Free e-Newsletter!
Also serving the following communities South of Boston; Quincy, Milton, Braintree, Randolph, Holbrook, Weymouth, Scituate, Norwell, Hingham, Cohasset, Hull, Hanover, Pembroke, Duxbury, Marshfield, Plymouth, Rockland, Hanson, Halifax, Plympton, Carver, Abington, Whitman, Kingston
This article is not intended to provide legal or tax advice or create or imply an attorney-client relationship. No information contained herein is a substitute for a personal consultation with an attorney.
Reference: The New York Times (October 5, 2012) “Assuring Care of a Family Member With Special Needs