Future Planning For Special Needs Children And Adults
What would happen if you were not able to take care of your special needs child or loved one? As they become an adult, they will continue to need assistance with their finances, care and decision making. Though it seems complicated to make long-term plans for your child or loved one, an attorney can provide legal counsel about the legal and financial arrangements they need.
Experienced Professionals You Can Trust
The attorneys at Orsbon & Fenninger, LLP in Charlotte are experienced at providing the legal assistance you need, adding clarity and efficiency to the special needs planning process. We can take a comprehensive look at your situation and offer appropriate solutions for your concerns. We make sure that you have all the needed documents in place to make your plans official.
To promote your child’s safety and security, you may need to proactively plan and finalize guardianship arrangements by the time they are 18 years of age. The state of North Carolina emphasizes that guardianship arrangements be as limited as possible. While some special needs adults may only need a guardianship for financial matters, a more disabled person will need a higher level of custodianship.
Using Tools To Keep Them Eligible For Benefits
People lose access to certain government benefits if they hold too much money in the bank (as little as $2,000 for an individual). There are a variety of special needs trust types that can safeguard assets for your adult special needs child or loved one. Establishing a special needs trust can hold funds that a trustee uses to pay for the beneficiary’s needs while keeping them eligible for benefit programs such as:
- Social Security Disability Income (SSDI)
- Supplemental Security Income (SSI)
As board-certified specialists in estate planning, we are uniquely positioned to help you make fiduciary arrangements for the person you care for.
Let Us Help You Navigate The Process
Orsbon & Fenninger, LLP focuses on providing individualized services for clients that effectively address their legal issues. Find out more about how we can help you plan for your special needs child’s future today. Email us or call us at 888-314-8134 to schedule an initial consultation.