For the parents of a child with special needs, concerns about their child's health, well-being and future financial security are magnified, especially if the child may need continued special care and support well into adulthood. It is essential that parents engage in a planning process so that the needs of the child and other family members are met.
A carefully structured Special Needs Trust (also called a Supplemental Needs Trust) is an important cornerstone in special needs planning.
Here's what you need to know.
Over the last decade, estate planning techniques have changed, based on emerging, federal and state legislation, and shifting threshold...Continue Reading