Contact Walk-In Wills today for help with will and trust creation, probate, long-term care planning, and other essential estate planning needs.
When it comes to people with special needs, they often require the assistance of caregivers to lead full, happy lives. However, family caregivers typically have major concerns about the future of their loved ones, particularly when they’ll no longer be around to provide care.
In this case, a special needs trust offers substantial peace of mind. Our team of kind and compassionate attorneys at Walk-In Wills can help you create a comprehensive estate plan that protects your assets and your loved ones. While we offer exemplary legal services, our clients can rest assured of an affordable, stress-free process.
A special needs trust places your assets into a trust after you’re gone to make certain your loved one has access to vital financial assistance. In this case, you will appoint a trustee to ensure the funds are made available to the person to cover daily living expenses, medical costs, and other essential expenses.
People with special needs often receive disability benefits to provide a reliable income when they’re unable to work. These benefits are typically contingent on a person’s financial status, as well as the type and severity of their disability. Accordingly, a large inheritance can prevent the person from receiving benefits, which can put them in a precarious financial position.
A special needs trust ensures that the person receives essential funds from your estate without impacting their benefits. They include first-party trusts, which help people who experience disability later in life when they’ve already accrued numerous assets. There are also third-party trusts, which are managed by caregivers to ensure the person in their care can access the necessary funds after the caregiver has died.
The first step in developing a special needs trust is to secure reliable legal assistance. Here at Walk-In Wills, we offer clients throughout Chandler, AZ the benefit of more than 20 years of experience. With our assistance, you can rest assured that your loved one will have everything they need after you’re gone.
