Tampa Special Needs Attorney
Keep Your Special Needs Loved Ones Secure Now And After You Pass From This Life
What is a Special Needs Trust?
If you have a loved one with special needs and you’re their main source of support, you probably worry about what will happen to them if you should pass on. A special needs trust is a way to set aside funds to support family members who cannot support themselves completely after you pass away. Whether your loved one has dementia, a lifelong disability, or another condition, you don’t want to leave their care to chance. Setting up a special needs trust is the best gift you can leave to them when you depart from this life. Florida Estate Law can help. Make an appointment to discuss what a special needs trust can do for you today.
What Are The Benefits Of A Special Needs Trust?
Many people with disabilities are eligible for government benefits. However, if you simply leave a sum of money or other valuable assets to them in your will, that usually makes them ineligible for those benefits. Creating a special needs trust can allow your loved one to continue receiving government benefits while giving them a financial safety net to meet their needs. If your special needs family member needs a guardian after you pass, a special needs trust can provide for that situation as well. Don’t risk your loved one’s future when a special needs trust is available. Let Florida Estate Law create a special needs trust for you today.
Does A Living Trust Benefit Me Now?
In addition to you retaining complete control over the assets you place into the trust, a living trust can also provide for your needs if you acquire a disability. Without a living trust or financial power of attorney, the probate court can control how your family cares for you. With a living trust, you can appoint a trustee – usually a family member or trusted friend – to administer your assets in case you become disabled. A living trust is revocable, meaning that you can easily amend the provisions or even cancel it entirely as your needs change. It’s one of the simplest, yet most powerful ways to ensure that those whom you love may control your assets when you no longer can. Learn more about the peace of mind that comes with a living trust. Discuss your needs in a consultation with Florida Estate Law.