Posts Categorized: Special Needs Trust

Protect Your Children’s Inheritance With A Lifetime Asset Protection Trust

by Tara Cheever ~ Attorney at Law April 5, 2022 Asset Protection, Estate Planning, Guardians for Minor Children, Power of Attorney, Special Needs Trust, Successor Trustee, Trusts

Creating a will or a revocable living trust protects your kid’s inheritance. Still, in most cases, you’ll be guided to distribute assets through your will or trust to your children at specific ages and stages, such as one-third at age 25, half the balance at 30, and the rest at 35.

If you’ve created an estate plan, check to see if this is how your will or trust leaves assets to your children. If so, you may not have been told about another option to give your children access, control, and airtight asset protection for whatever assets they inherit from you. READ MORE

Estate Planning Must-Haves for Parents – Even If You Have Legal Documents

by Tara Cheever ~ Attorney at Law November 9, 2021 Estate Planning, Guardians for Minor Children, Special Needs Trust, Trusts

A comprehensive estate plan can protect the things that matter most. For many, this means their property and their family.

When naming a legal guardian for your minor children, there are many factors to consider, such as whether the guardian has similar values to yours or can provide a welcoming home environment. But the most challenging decisions are often the most important. Consider the outcome if you died without having legal protections for your children in place. Your children could be subject to conflict between relatives, or they could be raised by someone you would never want or in a way you wouldn’t want. They could even temporarily be taken into the care of strangers. READ MORE

Don’t Let Diminished Financial Capacity Put Your Elderly Loved Ones At Risk – Part 1

by Tara Cheever ~ Attorney at Law May 14, 2021 Elder Law, Estate Planning, Incapacity, Special Needs Trust, Successor Trustee, Trusts, Wills

Coinciding with the boom in the elderly population, the number of Americans suffering from Alzheimer’s and other forms of dementia is expected to increase substantially as well. The Centers for Disease Control (CDC) estimates that the number of Americans with Alzheimer’s disease will double by 2060, when it’s expected to reach 14 million—more than 3% of the total population. READ MORE

Third-Party Supplemental Needs Trusts

by Tara Cheever ~ Attorney at Law February 6, 2021 Asset Protection, Estate Planning, Special Needs Trust, Trusts

If you want to provide for a loved one who is disabled or has special needs when you are no longer here, care must be taken to ensure that the inheritance you leave will help rather than harm your loved one. An inheritance received outright could negatively impact your loved one if he or she is currently receiving government aid or benefits or will need to apply for aid in the future. READ MORE

Create a Special Needs Trust to Protect the Financial Future of Your Child with Special Needs

by Tara Cheever ~ Attorney at Law June 29, 2018 Estate Planning, Guardians for Minor Children, Special Needs Trust, Trusts

It always surprises me to hear parents who have a child with special needs tell me that they were not aware of what they needed to do to ensure the future well-being and care of their child is properly handled. Or sometimes, they tell me they didn’t know they needed to do anything at all.

If that’s you, and you have a child with special needs at home, this article is for you. And if you have friends or family who have a child with special needs, please share this article with them.

Every parent who has a child with special needs must understand what’s needed to provide for the emotional, physical, and financial needs of their child, if and when something happens to them. READ MORE