Special needs planning for disabled family members
Most people expect a typical progression through life’s phases. The expected path usually involves parents caring for children and teenagers at one end of the spectrum and aging spouses caring for each other at the opposite end. Adult children often become involved in planning and caring for sick or elderly parents.
What most people do not anticipate is a reversal of roles, whereby aging parents end up caring for disabled adult children. Loving parents normally accept their calling when this is the case, but there are many practical, financial and legal complications that require careful monitoring. If you have a disabled minor child, you may wonder how to begin now preparing for later years when your child’s care needs may be ongoing as your own physical and financial limitations increase. Or perhaps you are caring for an adult disabled child, spouse or sibling and realize you should plan now for your elderly years that now seem not far off.
Estate Planning Attorneys in Ocean County — Special Needs Planning, Asset Protection and Future Care Needs of Disabled Family Members
Whatever special needs your family takes into account, you are commended for having arrived at this website. You are most likely aware that you should talk to an estate planning lawyer about present and future needs including:
• Health care and personal care for the family member with a disability
• Future housing plans for that family member as well as older parents or siblings
• Estate planning, including wills, trusts, powers of attorney
• Special needs trusts
• Medicaid planning
• Tax issues
• Tapping into available programs such as group homes for disabled adults