Estate Planning Options for Families with a Special Needs Child - Christine Matus

BSPE Legal Marketing Podcast

From The Matus Law Group - In this episode, we dive into the critical topic of "Estate Planning Options for Families with a Special Needs Child." Proper estate planning is essential for ensuring that a child with special needs receives the financial support and care they require throughout their life. We'll discuss how New Jersey estate planning attorneys can assist families in navigating the complexities of special needs estate planning, focusing on maintaining eligibility for vital government benefits such as Medicaid and Supplemental Security Income.

Join us as we explore various estate planning tools available to New Jersey families. One of the primary instruments we’ll discuss is the special needs trust, designed to meet the financial needs of a child with special needs while preserving their eligibility for government aid. We will explain the role of a disability trustee, who manages the trust to ensure funds are distributed appropriately without affecting benefit eligibility. Additionally, we’ll cover the importance of incorporating power of attorney documents into an estate plan, enabling designated individuals to make financial and care decisions on behalf of the child.

We’ll also delve into the significance of a Letter of Intent, also known as a Letter of Instruction, which provides personal insights into the child's daily life, preferences, and care needs. This document acts as a guide for trustees and caregivers, ensuring consistency and respect for the child's individuality. Furthermore, we’ll discuss the benefits of creating advanced healthcare directives to appoint someone to make crucial care decisions and the establishment of conservatorships or guardianships for more comprehensive decision-making authority.

Every family’s needs are unique, and those with special needs children face additional considerations in their estate planning. At The Matus Law Group, our attorneys provide guidance through every step of the process, helping families implement the necessary legal protections and financial arrangements. Tune in to learn how to create a plan that ensures your child's future is secure and well-cared for, providing you with peace of mind.
The Matus Law Group
125 Half Mile Rd #201A, Red Bank, NJ 07701, United States
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