What is Involved in the Special Needs Planning Process?

The first step is to understand what resources are available to your loved one with special needs. This includes understanding the benefits of things like a special needs trust, care plan, ABLE account, etc., as well as any private insurance or annuities that may be available. Once you have a clear picture of the resources available, you can start to create a plan for how those resources will be used to care for your loved one.

This may include making sure that there is enough money to cover medical expenses, providing for a comfortable living situation, and ensuring that there are funds available for things like education and recreation.

The next step is to understand the legal process involved in setting up a special needs trust or other types of care plans. This includes understanding how to name a trustee, how to fund the trust, and what types of assets can be placed into the trust. It is also important to understand the tax implications of setting up a trust, as well as any probate issues that may arise.

Once you have a clear understanding of the process and the legalities involved, you can start to put together a plan for your loved one’s future. With our attorney’s aid and careful planning, and a clear understanding of the process, we can make sure that your loved one’s future is secure. If you have any questions about setting up a special needs trust or other types of care plans, please contact our office today. We would be happy to answer any questions you may have and help you get started on creating a plan for your loved one’s future.

Law Office of Polly Tatum

19 Cedar St Worcester, MA 01609

(774) 366-3688

https://www.LawOfficeOfPollyTatum.com