Estate Planning needs change as we age and are different for persons who have special needs, either due to age or disability. Among the many considerations are whether the aging or special needs individual needs to make a plan and whether he or she has capacity to do so as well as whether other family members should include provisions in their estate plans to provide for the individual.
Over the next six weeks, we will discuss topics related to estate planning for the aging, those with special needs, and families that include special needs persons. The topics will include:
- Collecting social security,
- Planning for a Disabled Family Member,
- Explanation of some key differences in government programs (SSI and SSDI),
- Medicare versus Medicaid,
- Trusts that can be used when a loved one needs to qualify for Medicaid but exceeds income limits, and
- Guardianship/conservatorships.
Estate Planning for Aging persons and persons with special needs includes understanding the current needs of the individual (financial, social, medical, etc.) as well as anticipated needs and should incorporate planning to qualify for government benefits, if there are not adequate assets to provide for the anticipated needs of the individual.
At Grissom Law, we work with families and individuals to understand their needs and prepare estate plans that address current as well as future needs. If you or a loved one needs to create an estate plan that includes Last Will and Testaments, Revocable Living Trusts, Powers of Attorney, Advance Directives for Health Care or Irrevocable Trusts to qualify for Medicaid, call us today at 678.781.9230 to schedule a time to meet and discuss your needs.
Disclaimer
This Blog/Web Site is made available for educational purposes only as well as to give you general information and a general understanding of the law, not to provide legal advice. By using this blog site you understand that there is no attorney-client relationship between you and Grissom Law, LLC.