Have you heard the news? The federal government is out of money and so are most state governments. Certainly, that is not good news for anyone, especially those who are most vulnerable among us - Americans with special needs. Why, you ask?
If you have a family member with special needs, or know someone who does, then you know that many Americans with special needs rely, at least to some extent, on public assistance to help them with support for essentials like food, clothing, shelter and basic health care. "Public assistance" means "government money" and there is not much government money these days when government spending far exceeds tax revenue. Not a pretty picture.
So, what should parents (and grandparents) of a family member with special needs do to help ensure their future financial security, ESPECIALLY when the parents (and grandparents) are no longer available to provide assistance for them? The answer is "Special Needs Estate Planning". This unique form of estate planning focuses on providing for the special needs of mentally and/or physically challenged family members, even if public assistance is not available or is severely limited in the future.
The first step, however, is to get educated regarding your options. We have created a resource center on our website to help educate families facing these issues, as well as their professional advisors. To learn more about "Special Needs Estate Planning" click here. If you would like to register to download our free SPECIAL REPORT: "Special People... Special Plans", then click here.
In this SPECIAL REPORT you will learn about the four essential steps in Special Needs Estate Planning, why Special Needs Trusts are important and how proper planning can maximize your resources for your loved one(s) with special needs, while preserving their eligibility for public assistance. Do you have a basic plan in place to cover the essentials? Find out in this SPECIAL REPORT.
In addition to the resource center on our website, I also present workshops on this topic to interested groups and have a brochure available upon request. If you would be interested in knowing more, then contact us by phone or by email. We are here to help.