If you have a child with special needs, you may be thinking about using your estate plan to form a special needs trust. This type of trust provides access to funds your child may use on certain supplemental expenses without jeopardizing his or her eligibility for...
Month: February 2021
What should I consider before becoming a guardian?
Taking on the role of guardian for another person is a huge responsibility, especially if that person is a minor. You become the person who has to look out for the child’s well-being. You become completely like the child’s parent. FindLaw suggests that if someone asks...
Arranging your finances to care for aging parents
Facing the reality that your aging parents will need to rely on you for their care can bring feelings of uncertainty and stress. Adequately planning for your parents' needs can lessen the stress that accompanies unexpected circumstances. Collaborate with your family...
The 3 kinds of special needs trusts
Data from the Centers for Disease Control and Prevention, or CDC, shows that over a quarter of the U.S. adult population lives with some form of disability. Almost eleven percent experience difficulty with cognitive functions like decision making, and 6.8% struggle...
Recognizing the Early Signs of Dementia
As we age, a certain degree of memory loss is normal. How many of us have walked into a room and forgotten what we intended to do there or been in the middle of a discussion only to forget the other person’s original question? This is why it can be hard to detect the...
How can I ensure I choose the best Georgia nursing home?
Sadly, no foolproof way exists to ensure your loved one ends up in the best Georgia nursing home. What might serve as the best solution for another family could feel like a nightmare to your loved one. Because of this, you might need to remain open to the possibility...
I have a special needs child: how do I split my estate?
Planning for the future of your children can seem complicated enough, but it can be even harder when you have a special needs child. You may have decided to create a special needs trust to provide for your loved one. In the process, you should also figure out how to...
What do you know about filling in Medicare gaps?
To prepare for your eventual retirement, you look into Medicare and ways to reduce the cost of elderly health care. You discover that Medicare only does so much and that you may require additional financial assistance. What options do you have? Medicare Interactive...
Ensuring your loved one with special needs retains SSI
If you have a loved one with special needs, no doubt you are very concerned about their lifestyle after you die. Providing for loved ones who cannot care for themselves and rely on Medicaid to get the care they need can be very stressful. This is why a special needs...
3 tips for picking your children’s guardian
When you plan your estate, you determine how you want to divide your assets upon your death. Estate planning should also involve determining who will care for your children in case you die by establishing formal guardianship. According to the Children's Bureau,...
