Disability and Special Needs Planning for Children is Our Expertise
Providing "Peace-of-Mind" Through Comprehensive Planning
Having a child with special needs may be challenging, but the burden becomes more manageable with proper planning. Special needs planning involves creating and implementing a comprehensive plan to cater to the welfare of a child living with special needs both before and after a parent has passed away.
Anyone who is now, or will be, financially responsible for a person living with special needs. If you have a loved one that is disabled, needs support, or cannot fully care for themselves for any reason, you must consider creating a special needs plan for your family. The planning is designed to be comprehensive and addresses many areas that will affect the life of your loved one. Whether the person is 4 or 40 years old, planning for the current and future needs of a disabled loved one is valuable at any age.
Because you won't always be around to meet your loved one's needs, you must take action now, while you can. As you know, life is hard to control, but Special Needs Planning is one of the few things in life that you can control. Don't gamble with the future of the child you love so much. Remember, your child's disability will continue even after you have gone. They will need someone to cater to their welfare and to manage the assets you leave for them.
If you leave your child in the care of a guardian, even with good intention, without a plan, the guardian may not know the best way to attend to your child's needs. You will also need proper documentation of how you want them to manage the assets you leave behind.
Addressing Special Needs Planning comprehensively insures that all critical future planning areas are considered and work together.
Knowing that all aspects of planning have been well thought out provides peace-of-mind to parents, families, and caregivers alike.
Special Needs Trusts
Wills & Family Trusts
Guardianship / Conservatorship
Government Benefit coordination (Maximizing benefits)
Collaboration with other professional advisors
All your planning needs met in one place. Work with a team of caring and experienced special needs planners with over 30 years combined experience.
Legal planning including Special Needs Trusts
Government Benefit coordination
Conservatorship document preparation and filing
There's much to see here. So, take your time, look around, and learn all there is to know about us. We hope you enjoy our site and take a moment to drop us a line. If you don't have a plan for your child, good news! The government does. Of course, that is also the bad news. If you do not decide who will care for your child and manage their assets before you die, the government will decide for you after your death. Additionally, if you leave assets in excess of $2000, your loved one may not be eligible for some or all of the benefits from the government. They may also be required to pay back Medicaid for any past services received.
There are a number of different elements that all work together to provide a plan that secures your child's future. Because every family is different and there is no “one-size-fits-all” approach, we address planning comprehensively for every family. All of the elements touched on below are part of every Special Needs Plan.
Sometimes, parents find it challenging to estimate the amount their children need for proper support. Without having the correct figure, you cannot make the right plan. Hence, getting the child support calculation right should be the first step in special need planning. We can help you with the child support calculation and assist you in making a proper budget.
A Special Needs Trust is a specific type of trust used to hold and manage assets belonging to an individual living with special needs. The assets in this trust can be used to provide for all your child's needs while it will not prevent your child from receiving all the benefits from the government they are entitled to. It will also protect the assets from payback to Medicaid. If you leave assets directly to your child, it may prevent them from getting the benefits due from the government. It may also induce payback. But with a properly drafted special need trust, you can overcome that barrier. Let's create a special need trust for your family so that you can rest assured that even after you have gone, your child will continue receiving benefits from the government while they also enjoy the assets you leave behind for them.
Achieving a Better Life Experience or 529 ABLE accounts is a saving account run by the government for persons living with special needs. When used properly, the money in the account and the interest earned are exempted from tax, SSI, and Medicaid asset limits. Hence, if your child living with special needs qualifies for the account, it will be advantageous. We can help you determine the right course of action.
Parents often get confused about leaving properties for their children that cannot manage such properties themselves. Sometimes, parents will prefer to give the properties to able children and mandate them to take care of their disabled sibling. But that usually causes confusion in the future. We can help you prepare your will and provide guidance on allocating properties to your child with special needs. We can also help you create and manage a family trust. With your property in the family trust, your child living with special needs will be adequately covered, yet they will still be entitled to government benefits.
As a person living with special needs, there are many benefits that they may be eligible to receive from the government. We can help you identify and coordinate these benefits and ensure your child can maximize and maintain the benefits they are due. Did you know that between the ages of 18 and 80 years old, government cash benefits can equal over $1,000,000 in today's dollars? And that is before you even consider the lifetime value of health insurance through Medicare and Medicaid. . . priceless.
Are you planning to write a will, need a family trust, or a special need trust for your family? Do you need to talk to someone? No matter the disability, contact us today and let's help you create the best plan for your family. You can also book a workshop for your organization, and we will be glad to work with you.
At Serenitas Special Needs Planning, we also provide the following services:
Guardianship / Conservatorship involves preparing and filing numerous documents for a court petition to assign a person to manage the physical, medical, and financial needs of someone who is not physically or mentally fit to do so themselves. Guardianship and Conservatorship are state-specific terms, i.e. In California, a person handling the affairs for someone over 18 is called a Conservator, while the same role performed in Arizona is called a Guardian. If this step is not taken, the decision as to whom will care for your loved one will be left to the court to. Certainly, it is best to indicate your wishes today.
At Serenitas Special Need Planning, we help families achieve peace-of-mind through the Special Needs Planning Process. We understand the numerous challenges families face in planning for all family members, especially those living with special needs. There are so many different areas to address it can be overwhelming! That is why we exist. To be a single source for all aspects of your family's plan. This includes legal planning, government benefit coordination, budget/financial planning, and Lifestyle planning. We know the relief it will be for you to accomplish all your planning done in one place.
We have over 30 years of experience providing planning services exclusively to the special needs community. Every family is unique, there are no cookie-cutter solutions. When you visit, we will discuss all possible options that will be in your families best interest without jeopardizing their access to government benefits.