SPECIAL NEEDS PLANNING
From financial considerations to legal matters and beyond, there are numerous factors to take into account to ensure your loved one receives the care and support they need as they transition into adulthood.
For families of individuals with special needs, planning for their future and ensuring their well-being is of utmost importance. When considering guardianship for a loved one with special needs, it becomes crucial to find the delicate balance between safeguarding their privacy and independence while also ensuring their protection and care.
As the parent of a child with special needs, your role as a parent becomes different when your child becomes a legal adult. Although your child may have some or all the same needs for assistance from you, your legal relationship with your child changes when your child turns age 18.
Special Needs Planning is a Lifelong Event: Working to get your child assessed to qualify for support programs, fighting to get benefits and finding therapists became a full-time job, and one that led to enormous costs, even with the family’s having good health insurance.
If your child or grandchild has special needs, one of your greatest concerns is ensuring that the child receives essential care and support throughout their life. While your inclination may be to give the child money or other assets through an inheritance, doing so may deprive the child of the ability to receive government assistance. Fortunately, a Special Needs Trust (SNT) can provide lifelong financial benefits for the child without affecting eligibility for government programs.
Caring for an adult child with a disability in Illinois is often challenging in the best of circumstances. Many parents worry about what might happen to their child if the parents die or are otherwise unavailable to provide care. We will discuss some Special Needs Planning suggestions to benefit both you and your child.
To preserve a person’s right to receive public benefits, family members may create a special needs trust. Setting up this type of trust can be an important part of the estate planning process.
Once the trust documents have been signed, the trust has been initially funded, and the trust legally exists, what’s next in the lifespan of a special needs trust?
Guardianships protect people with special needs by allowing their guardians to make financial, legal, and logistical decisions for them. Illinois law permits several different types of adult guardianships.
A third-party special needs trust is for parents, grandparents, family members and friends who want to provide for a person with special needs without disqualifying or interrupting public benefits.
Estate planning is a sensitive and complex process that often involves difficult decisions. One of the most challenging choices parents may face is whether to leave their children unequal inheritances.
In this blog, we’ll break down inheritance and estate taxes in Illinois and Missouri, helping you understand what to expect and how to plan accordingly.
At our firm, we emphasize the importance of proper trust funding. This crucial step ensures that your trust will work for you and your loved ones when you need it most.
Estate planning often feels like an overwhelming task, conjuring images of endless paperwork, difficult decisions, and tough conversations. It’s a process that involves contemplating the future—sometimes in ways that are deeply personal and emotionally taxing.
The “sandwich generation” refers to adults balancing the dual responsibilities of raising children while caring for aging parents. While this can be rewarding, it’s also overwhelming, especially when thinking about everyone’s future.
As we move into 2025, Illinois employers must be prepared for a series of significant changes in employment law. Illinois lawmakers were busy in 2024, enacting nine new laws that take effect on January 1, 2025.
As the year draws to a close, it’s essential to take stock of your financial and legal matters. A well-organized year-end review can help you ensure compliance, avoid surprises, and set clear goals for the year ahead.
The holiday season is a time of celebration, reflection, and giving. While we often focus on gifts of toys, gadgets, and clothes, there is another gift that is just as meaningful — one that provides long-term peace of mind for you and your loved ones: estate planning.
When most people think of estate planning, they imagine wealthy individuals with vast fortunes. However, estate planning is not just for the rich—it’s an essential tool for middle-class families as well.
As families grow and change, ensuring the well-being of senior members becomes a priority. A Family Care Plan is a proactive way to address their needs while easing the emotional and logistical burden on loved ones.
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