Special Needs Planning Lawyer in Cedar Rapids Thoughtfully Planning for the Future Alongside You
As life goes on, you may start to place more and more emphasis on the future. It is natural, no matter how old you are, to keep one eye toward the future. There is no problem with planning for the future as soon as possible. Especially for those who have a loved one with special needs, planning for the future now can help you and your loved one later down the road. Ensuring the safety and care of your special needs loved one now and in the future is probably one of the most important priorities you have.
Our law firm shares that sentiment with you. We want to make sure you get the best service possible to ensure your loved one gets all the help they need. Through the use of special needs trusts and guardianship plans, we can make sure your special needs loved one gets all the help they deserve going forward. To contact Scott Shoemaker & Associates, PLC, call us at 319-804-8346 to see how we can help you with your estate planning needs.
What is a Special Needs Plan?
A special needs plan generally consists of trusts and guardianships put into place that secure a special needs loved one’s future. Every special needs plan is different. We can make sure your plan is tailored around the needs you have and what you want to provide for your special needs loved one. Through the use of trusts and guardianships, you can secure your loved one’s future today rather than leaving it up to chance.
On top of securing your special needs loved one’s future, with the use of a special needs trust, you can also optimize the healthcare they receive today so they always get the treatment they deserve. Other benefits of developing a special needs trust include enhancing the quality of life for your special needs loved one by helping them become eligible for food programs, housing programs, educational programs, aiding in travel, and many other avenues in life. Get started on a special needs plan today with the help of a Cedar Rapids special needs planning lawyer.
How Does a Special Needs Trust Work?
Special needs trusts are similar to regular trusts but with a key focus. The way a special needs trust is designed and structured ensures your loved one is eligible for government-assisted medical help. These government healthcare programs are incredibly effective but only available to those who qualify.
By rearranging your assets into an irrevocable trust, your child may now qualify for those excellent benefits going forward. Many special needs trusts are primarily funded by their own estates, life insurance, or annuities, allowing for assets to not remain tied up during the grantor’s lifetime. On top of qualifying for government-assisted healthcare programs, a special needs trust also allows your special needs loved one to receive additional care through the assets you have placed in your trust. A designated trustee can administer your trust and help your special needs loved one get the best care possible going forward.
How Can a Special Needs Planning Lawyer Help Me With a Plan of My Own?
Developing a special needs plan, particularly involving a special needs trust may require assistance from a legal professional. Trusts are complex and require the right amount of maneuvering to make them lawful and effective. Likewise, setting up guardianship for your special needs loved one may require the help of a knowledgeable special needs planning lawyer. Get the help you deserve and reach out to our dedicated Cedar Rapids estate planning law firm today.
Why Should I Hire a Special Needs Planning Attorney?
Hiring a special needs planning lawyer can help you avoid costly mistakes when it comes to developing a special needs plan. Whether you want to put together a special needs trust that maximizes the care your special needs loved one receives or you want to set up guardianship for your special needs loved one in the future, our professional legal team is here to help you every step of the way.
Give Scott Shoemaker & Associates, PLC a call at 319-804-8346 to learn more about creating a special needs plan that works for your loved one and gets them the help they deserve going forward.