A special needs trust is an essential estate planning document for some families. It can accurately help protect a disabled individual from losing government benefits if they suddenly acquire additional future income.
An 18th birthday usually comes with celebration and lots of newfound freedom. In the eyes of the law, this milestone means that your child can make their own financial, medical or legal decisions. It can be a frustrating time as you see your child try out their decision-making skills and make life choices.
Estate planning can be tricky and often sneaks up during stressful times of family illness, discussions about money, or a loved one getting older. Mistakes are easily avoidable with some careful planning and knowledge of what’s in store for you.