People with disabilities are likely to need very expensive medical care throughout their lives. While many Americans get health insurance through their employers, people with special needs are not in a position to work, thereby denying them this benefit. Fortunately, a solution exists in the form of Medicaid. This is a jointly administered federal/state government health insurance program. Many people who qualify for Medicaid also receive modest monthly benefits through another program … [Read more...] about Can You Fund a Special Needs Trust With a Settlement?
Special Needs Planning
Estate planning is often looked upon as a one-way street. The idea is that you determine how you want to distribute your assets, and that’s the long and short of it. You can take this approach, but if you do, loved ones may pay the price. There are various different ways to get assets into the hands of your heirs, and the best method will vary based on the circumstances. A transfer device that is perfectly acceptable for one individual may not be right for the next. This definitely … [Read more...] about Special Needs Planning Can Protect Benefits
For any parent, the desire to protect and provide for a child is a strong motivating factor within their estate plan. For the parent of a child with special needs, protecting and providing for their child takes on a heightened importance because their child may never be completely independent. Achieving those goals, in turn, requires careful estate planning which often includes the inclusion of a special needs trust. For those who are unfamiliar with a these trusts, an Overland Park special … [Read more...] about What Are the Different Types of Special Needs Trusts?
A special needs planning attorney at Parman & Easterday can provide personalized advice to parents with a child with disabilities. If your child has a disability, it is important that you work with a compassionate and knowledgeable attorney to create a special needs plan. This plan is vital to ensure your child is safe and provided for throughout his or her lifetime. Parman & Easterday has helped many families with the special needs planning process. In every situation, we provide an … [Read more...] about The Steps Involved in Special Needs Planning
Trust administration attorneys at Parman & Easterday provide parents with planning for the care of a child with special needs. When you have a child with special needs, the estate planning process should begin as soon as possible to ensure your child will be provided and cared for appropriately if something happens to you. You need to ensure you have planned for the child's care throughout your lifetime, including making certain your child can afford necessary care as an … [Read more...] about Making Plans For the Care of a Child With Special Needs
Medicaid attorneys at Parman & Easterday can provide you with assistance if you are making plans to provide a financial gift to any person who is seriously disabled or who has special needs that require specialized care. If you are planning on giving a financial gift during your lifetime or as a part of your legacy, you need to work with an attorney first so your efforts to provide financial support do not backfire. Parman & Easterday is here to help you understand what the … [Read more...] about Why is Special Needs Planning Important to Ensure Continued Access to Medical Care?
An Overland Park special needs planning attorney can provide you with assistance if you have a child who has special needs. There are many different issues that can arise when you have a child who is disabled and who is unable to care for himself or herself. You should work with a compassionate and knowledgeable legal professional who can help you identify the steps you will need to take to keep your child safe no matter what happens to you. Parman & Easterday has helped many … [Read more...] about How To Pick A Legal Guardian For Your Child With Special Needs
You hear a lot of different terms tossed about in estate planning and questions naturally arise. We want to take a look at some of estate planning devices so we can provide readers with an ever-broadening estate planning vocabulary. With this in mind we would like to take a look at special needs trusts. If you want to plan your estate effectively you should look for an estate planning attorney who will provide you personalized attention. Different families have different objectives based … [Read more...] about What Is A Special Needs Trust?