Protecting the Financial Future of Children with Special Needs – Annapolis and Towson Estate Planning
Raising a child with special needs means extra health, safety and planning challenges that can be more stressful and expensive.
Raising a child with special needs means extra health, safety and planning challenges that can be more stressful and expensive.
If you have a child with special needs, a trust may be a financial priority. There are many crucial goods and services that Medicaid and Supplemental Security Income might not pay for, and a special needs trust may be used to address those financial challenges. Most importantly, a special needs trust may help provide for your disabled child, in case you're no longer able to care for them.
A power of attorney names a person who can act on your behalf. This person is called your “agent” or “attorney-in-fact.” Before you create a power of attorney, you should know your options and which ones your home state allows.