Estate planning requires specialized planning when you have a child with special needs. Looking to the future as to how your child will be able to function in the world as they age is particularly tricky to assess. What is the child’s long term
Having a special needs child has many challenges. One of the toughest challenges faced by many parents is knowing how to best care for their special needs child as they reach adulthood. There are many areas that need consideration when planning for the transition of a special needs child to adulthood. Let’s take a look at some of these areas.
There are numerous care options available for adult with special needs. The options available range for those with special needs who are able to be more independent to those who need advanced medical care. It is important to match the person’s needs and desires with the best possible living option or combination of options.
November is National Alzheimer’s Disease Awareness Month and National Family Caregivers Month. The Alzheimer’s Association is marking these events by recognizing and honoring the more than 15 million family members and friends across the U.S. who are currently caring for a person living with Alzheimer’s.
The contents of most trusts you create for yourself will be considered available to you in determining your eligibility for SSI. On the other hand, assets of most trusts that someone else creates and names you as a beneficiary of will not be considered to belong to you for purposes of determining your SSI eligibility. If you created and funded an irrevocable trust for your own benefit prior to January 1, 2000, it will be grandfathered, and in most cases its assets will not be considered to belong to you.
If you think you may qualify for Social Security's Supplemental Security Income (SSI) benefits, you should fill out an online disability report and then call your local Social Security Administration (SSA) office to complete your application. (If you can't complete the online disability report, your local SSA office can assist you with the entire application.)