Estate planning is a vital tool for securing the long-term well-being of a disabled family member. Thoughtful strategies help preserve financial stability while ensuring continued access to essential care and support.
Special Needs Trusts
A Special Needs Trust allows families to set aside funds for a loved one without affecting eligibility for government assistance programs. This ensures financial security while maintaining access to healthcare and other benefits.
Trustee Selection
Choosing a responsible trustee ensures that funds are managed appropriately. The trustee oversees distributions, ensuring compliance with regulations while supporting the beneficiary’s needs.
Letter of Intent
A letter of intent provides caregivers with instructions regarding medical care, daily routines, and personal preferences. This document helps maintain consistency in care and ensures the beneficiary’s well-being.
Life Insurance Planning
Naming a Special Needs Trust as the beneficiary of a life insurance policy ensures financial security while avoiding disruptions to government benefits.
Estate Plan Reviews
Laws and circumstances change over time. Periodic estate plan reviews help individuals adjust arrangements to align with evolving regulations and the beneficiary’s needs.
For expert legal guidance on estate planning for disabled family members, consult The Eastman Law Firm.
Contact Us Today
Name: The Eastman Law Firm
Address: 4901 W. 136th Street, Ste. 240Leawood, Kansas66224
Phone Number: (913) 908-9113
Website: www.theeastmanlawfirm.com
Strategic estate planning ensures financial security while optimizing benefit eligibility. Consulting an estate planning professional can help tailor solutions to individual needs.
