As you get older, you may start to wonder what precautions and plans you need to put into place to ensure your special needs loved one has all the care they need in the event that you are no longer to take care of them. You may also want to maximize the amount of care they receive while you are still here. Setting up a special needs trust can be incredibly important for your special needs loved one as time goes on.
Through a special needs trust, you can rearrange your assets within the trust to make sure your special needs loved one qualifies for government programs such as SSI and Medicaid. Having all of your assets in a trust can also make it easier to manage in the future. Reach out to our law firm today at 319-804-8346 to learn more about how a special needs trust can serve you later down the road.
What Happens to My Trust After I Die?
After you die, your special needs trust can remain intact. However, you should appoint a successor trustee to make sure that your trust keeps running smoothly and your special needs loved one continues to receive the care they deserve.
A successor trustee can manage your estate in a way that can continually benefit your special needs loved one as their life progresses. Your trust may consist of many assets including valuables that your special needs loved one may have no use for. Your successor trustee can liquidate your assets to pay for treatment and support your special needs loved one truly needs.
Can a Lawyer Help Me Choose a Successor Trustee?
An estate planning lawyer can best advise you when it comes to choosing the right successor trustee for your special needs trust. While we can point you in the right direction, the decision is ultimately yours. We believe you should choose someone that you trust and someone who will always put your special needs loved one first. Contact us today to see how we can help you get started on putting together a special needs trust.
Is It Worth Hiring a Special Needs Trusts Attorney?
Ensuring your trust is properly constructed, arranged, and funded is key to the longevity of your special needs trust. Let us help you navigate and create a special needs trust that is right for you. Reach out to Scott Shoemaker & Associates, PLC today by calling 319-804-8346 to learn more about how we can help you with all of your estate planning needs.