We work with knowledgeable advisors to ensure that your loved one’s finances are protected and preserved. Additionally, we work with geriatric care managers and registered nurses to ensure that the trustee of such trusts are provided with the proper medical guidance.
Special Needs Planning services that are available to clients include:
Preparation of Third Party Special Needs Trusts
Trusts set up usually by a parent or grandparent for the benefit of a special needs child so that the child will not lose government benefits. These trusts are also known as Supplemental Needs Trusts.
Preparation of Self Settled Special Needs Trusts
Trusts set up by an individual who is receiving government benefits, usually as the result of an inheritance or personal injury award, and designed so that the individual can continue to receive the government benefits. These trusts are also known as First Party Special Needs Trusts.
Guardianship for the special needs person
Once a person becomes 18 years of age, a parent can no longer legally act on behalf of another. In order to have legal authority to make decisions for a special needs child over the age of 18, a parent will need to become the legal guardian of such child.
Working with other specialists to ensure that our special needs clients receive the government and charitable benefits that they are entitled to.