Fouts Law Group, LLC is here to assist you with special needs planning. We represent guardians and caregivers with special needs and serious disabilities, and we offer help in ensuring the person you care for always has a home and the aid they require. We can also provide assistance to families who may want to leave a financial gift to a person with special needs.
There are complexities in the law that can create issues and hardship when it comes to providing care or financial support to a person who is disabled. You don’t want your loved one to lose benefits or realize serious problems because of your good intentions. Let the experienced attorneys at Fouts Law Group, LLC assist you in making sure these things don’t happen. Call our Ellijay special needs planning attorneys today for personalized advice and guidance. We can answer your questions, including:
- Why is special needs planning important?
- What is involved in special needs planning?
- How can a special needs planning attorney help me?
Why Is Special Needs Planning Important?
Depending on the role you play in the life of a person with special needs, planning can take on importance for different reasons. If you only want to leave a financial gift to someone with a disability, you may believe that you don’t need legal assistance. The reality is that a financial gift could cause the government to stop providing benefits and assistance to your friend or family member.
Many people who are disabled or have special needs receive benefits from Medicaid and Social Security. These benefits come with limits, and having too many assets can disqualify a person. If you don’t plan on giving a financial gift wisely, you could put your loved one over the resource limit, causing their benefits to stop. Despite wanting to provide a financial gift to assist your loved one, you could actually be hurting them.
When you consult with a special needs planning attorney, you can be sure that your gift will not cause problems for your loved one. You can also ensure that the financial gifts is managed appropriately and used wisely.
Special needs planning is important for the person giving the gift, but it is also important for guardians and caregivers. People who provide care for those with special needs must make sure someone can step in and take over the care in the event it is necessary. You must ensure that the person you are providing care for has a safe place to live in the future in the event you can’t provide one.
What Is Involved in Special Needs Planning?
In its most basic sense, the special needs planning process involves ensuring that financial gifts are used appropriately and that those gifts don’t cause a hardship for the person with special needs. You can realize this goal by allowing an attorney to assist you in creating a special needs trust.
This type of trust is one which follows very specific legal requirements. It allows for assets to be used to benefit a person who is disabled, without causing benefits to be lost. You can name a trustee to manage those assets, and you can use the assets to supplement the needs of the person with disabilities.
Your plan may include more than this. An experienced attorney can discuss your needs with you and help you design a plan or trust that is unique to the needs of you and your loved one with special needs.
How Can an Ellijay Special Needs Planning Attorney Help Me?
Fouts Law Group, LLC can provide you with assistance, no matter how complex your special planning needs. We understand what is required of you in providing financially or physically with a person with disabilities. We will help you in using legal tools to ensure your loved one is protected. Call us at (678) 242-8344 to speak with an Ellijay special needs planning attorney, or contact us online.
