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Knowing that someday you will not be around to care for your special needs child, you may consider creating a special needs trust. While a trust can do a lot to provide for your loved one, it is important to fund the trust enough for it to cover a variety of possible...
If you have a special needs child, you understand that one of the most important things you must do is prepare for when you die. Ensuring that your child has proper care when you are no longer able to provide it is critical. When making a special needs plan, there are...
If you have concerns about providing for your special needs child after your death, estate tools such as a special needs trust and a life insurance policy can help fulfill your wishes. As you make your estate plans, you should know how to use your life insurance...
With a special needs trust, you can breathe easier knowing that your special needs child will receive care even when you are no longer around to provide it. An important part of creating your trust is choosing a person or entity to manage the trust, also known as a...
People in Pennsylvania who have disabilities may qualify for Medical Assistance, known as Medicaid in the rest of the country. Eligibility for MA depends on financial resources. Special needs trusts and supplemental needs trusts both set aside money on behalf of a...
A third-party funded or common law special needs trust may hold money or property to support a disabled heir or child. As noted by the AARP, you may add money to a special needs trust in any amount that suits your heir’s or child's needs. By creating a trust, you may...
As a parent of a special needs child, you know you must plan for the future. You need to have something in place to handle all the roadblocks that may come up in time, such as when your child reaches the age of 18 or your own inability to care for your child as you...
The Centers for Disease Control and Prevention reports that 26% of American adults possess some form of disability. Out of these, one in three between the ages of 18 and 44 dealt with an unmet medical need in the last year because of the expense. If you are a parent...
If you have a child with special needs who requires care and will require care for the rest of his or her life, then you have a need for special needs planning. Putting a plan in place is essential to ensuring that your child has the right care when the time comes...