Families who have a loved one with a disability, receiving SSI income or has special needs should pay particular attention to their estate plan. When developing a Special or Supplemental Needs Trust, it is important to keep needs based governmental benefits in mind. Standard trusts often can cause an individual from becoming ineligible to receive […]
I. Introduction• Purpose: Explanation of a streamlined estate plan designed to avoid probate without using a trust.• Key Benefits: Minimizes court involvement, simplifies asset transfer, reduces costs, and ensures faster distribution of assets.• Limitations: Not ideal for complex family situations, larger estates, or beneficiaries with special needs or disabilities. II. Core Components of the PlanA. […]
Protecting Your Minor Children: Essential Estate Planning Considerations When creating an estate plan for the future, ensuring your minor children are safeguarded and provided for is a primary concern. Thoughtful estate planning can help you establish clear directions for asset management, guardianship, and decision-making in case of unexpected events. Choosing the right people to serve […]
