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Special Needs Planning
Guardianship Is Not the Only Option When Your Child with Special Needs Turns 18
Many parents think that when their child with special needs turns 18, a guardianship will immediately need to be established. While a guardianship is necessary for some children with special needs, not everyone is a candidate.
Planning for Items that Will Add to Your Child’s Quality of Life
When considering how much money you will need to fund a special needs trust, you may wish to consider items that will offer your child a better quality of life. Government benefits are designed to provide basic food and shelter, but they will not offer your child any of the extras he is used to.…
Essential Estate Planning Documents for a Family with Special Needs
A child with special needs deserves a parent’s continued stewardship and guidance, even if the parent becomes incapacitated or passes away, and the following estate planning documents are key to ensuring the child’s security. (1) A last will and testament. (2) A general durable power of attorney (“GDPA”). This document designates an agent to act…
Special Needs Planning and Divorce
When a couple is divorcing, it is important that they do not forget their commitments to their child with special needs. Most importantly, any child support for the child with special needs should be allocated under the separation agreement to a Special Needs Trust. This will ensure that these assets will not affect the child’s…
Special Needs Tax Credit for Legal Fees
In order to help families deal with financial burdens, Congress is considering a change to the current tax code that would provide up to a $5,000 tax credit for legal fees associated with establishing legal guardianship. This proposed tax credit would also be available for legal fees paid in connection with establishing a trust for a person with disabilities. Only the person who actually paid for the legal fees would be eligible to apply for the tax credit.
Responsibilities of a Special Needs Trustee
Being the trustee of a Special Needs Trust is a job that comes with great responsibilities. Many family members consider naming a relative as trustee of their child’s Special Needs Trust. However, some families choose to go with a professional special needs trustee, as they have extensive experience in handling all issues associated with a Special Needs Trust. Before making this decision, families should consider the extensive responsibilities that go along with being a special needs trustee.
Analyzing Alternatives to Special Needs Planning
All parents of children with disabilities worry about the day when they will no longer be able to care for them. While many parents have figured out ways to make life more comfortable for a child with disabilities while they are around, thinking about a time when they can no longer be personally responsible for their child’s well-being can be stressful.
Rosa’s Law
Senate Proposal Would Eliminate Use of Term “Mentally Retarded” Words hurt, and it has long been recognized that language shapes perception. So when Senator Barbara Mikulski (D-MD) proposed Rosa’s Law, which would replace the term “mental retardation” with “intellectual disability” in federal programs, it marked significant progress for people with developmental disabilities. Rosa’s big brother,…
Considering the Possibility of Continuing Education in Special Needs Planning
Some children with special needs may wish to continue their education beyond high school. It is important for these students and their parents to understand what rights they have at a post-secondary institution, and to know how those rights differ from the rights they had in high school. Post-secondary institutions may not discriminate against students with disabilities, but they are not required to identify the special needs of their students as public schools are.
Special Needs Planning for Children Transitioning into Adulthood
As a child with special needs approaches the age of 18, a variety of circumstances change. Programs that are available to help with the care of minors may no longer be available for adults. Eligibility for public financial benefits is subject to strict rules. Health care decisions may not automatically be left to parents or guardians.