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5 Benefits of Setting Up a Special Needs Trust
Caring for a loved one with special needs comes with unique challenges, and one of them is how to secure their financial future. Even when you have the best intentions, leaving money to them in your will can actually cause financial problems for the special needs person. Setting up a Special Needs Trust (SNT), however,…
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What Can a Special Needs Trust Pay For?
If you are supporting someone with a disability, it can be difficult to ensure their financial security while still preserving their eligibility for government benefits. That’s where a Special Needs Trust (SNT) comes in. These irrevocable trusts are designed to provide for the unique needs and expenses of the beneficiary while maintaining their qualifications for…
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Estate Planning for Families with Special Needs Children
Estate planning is a vital process for every family. But it is especially important for families with special needs children, because they face unique challenges. Careful planning can help you provide for your child’s future in the best way possible, and ensure they stay eligible for the benefits they need. Here’s how to begin the…
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Who Is Eligible for a Special Needs Trust?
When someone has a disability, setting up a special needs trust (SNT) will help ensure that they are cared for financially. Assets placed in an SNT offer financial support without affecting the beneficiary’s eligibility for important government assistance program benefits. At Phelps LaClair, we want to help you protect your loved ones’ futures as well…
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Special Needs Planning
At Phelps LaClair, we’ve been families with special needs loved ones for many years. If you are taking care of adults or children with special needs, such as mental or physical disabilities, you have probably asked yourself what would happen to them if you became unable to care and provide for them. We can help you come to a place of rest.
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Special Needs Trust
Every parent has their child’s well being front and center in their thoughts each and every day. For those parents of special needs children, it is almost non-stop around the clock. Perhaps their greatest concern is, “what will happen to my child after I die?” At Phelps LaClair, we understand those fears. This is why…
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Do Wealthy Families Still Require a Special Needs Trust?
You’ve worked hard. And with good financial planning, you’ve been able to set aside a nest egg that amply provides for a comfortable retirement. In addition, you’ve been able to generously care for your special needs child throughout his or her childhood, and into adulthood. Since you’re well prepared financially, you find yourself wondering whether…
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Special Needs Require Special Planning — The Arizona Special Needs Trust
If you are the parent or guardian of a person who requires special needs planning, then you have probably begun to research how to guarantee that your loved one receives the care she needs after you are gone. While you can certainly leave special needs beneficiaries money and assets or name them as the beneficiary of…
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The #1 Legal Document Every Adult Needs to Have
The novel coronavirus continues to disrupt daily life and leave Americans uncertain of the future. We at Phelps LaClair want you to know you don’t have to feel helpless during this pandemic. Now is a great time to be proactive and plan ahead should you or a loved one fall ill. One of the most…
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