Many people embark on an estate planning quest in order to help them support the people in their lives with special needs.? Special needs can include a variety of medical conditions or situations.? Leaving an inheritance outright can jeopardize a beneficiary?s financial assistance, so the best way to leave money to a loved one with special needs is through a special needs trust.
A special needs trust can help by paying for things to improve quality of life that governmental agencies will not usually pay for but that add to a person with special needs? quality of life: cultural events, travel, education, computer and media equipment.
While a special needs trust must be established by a parent or grandparent, it is not limited to just minor children. It can be established for an adult of any age, and anyone can contribute to the trust.
An experienced Maryland estate planning attorney can help you understand all your options for estate planning.? Experienced Estate Planning Attorneys Linda T. Cox and Seth B. Zirkle can discuss all your options and create a plan with you.? Call Ms Cox or Mr. Zirkle at Hyatt & Weber, P.A. today at 410-505-4553.
Source: http://hyattweberestateplanning.com/estate-planning/how-and-why-to-establish-a-special-needs-trust/
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