Estate Planning for a Child with Special Needs

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January 6, 2014 by generationsprobate

Parents have a natural concern for their children, which is why many plan for their children’s future in the event of their untimely demise. This holds all the more true to parents with children who have special needs.

As a parent, you may find it difficult to think about something as bleak as your death. However, creating estate plans with the help of an experienced estate planning attorney in Sacramento is important if you want financial security for your spouse and your children upon your passing. Estate planning is even more critical when you have a child with special needs, particularly if the child requires financial or medical assistance (or both) for his or her disability after you are gone.

A lawyer who specializes in estate planning can help in the creation of a special needs trust that is especially designed to benefit the child and give their parents peace of mind. One crucial factor of this kind of trust is naming the trustee. Ideally, the trustee should be someone whom you wholeheartedly trust, such as your spouse, a sibling, a relative, or a family friend.

Estate planning may not be easy to undertake but it can be absolutely essential, especially if children with special needs are involved. Knowing that your child will be responsibly looked after even in your absence can be invaluable to putting your mind at ease about the uncertain future.

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GenerationsProbate

Generations is a Sacramento-based estate and trust law firm, providing quality legal counsel in Estate and Tax Planning, Trust Administration, Probate Administration and Elder Law. The name reflects the firm's position as a devoted ally that helps families and businesses make informed decisions about their futures, from one generation to the next.


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