Special Needs Trusts and Planning
Providing security for individuals with special needs
The term “Special Needs” is generally associated with children or adults with developmental disabilities. However, special needs planning can and should be done for all disabled individuals. It is a process in which a disabled individual, or his/her family member, develops a plan of care. This plan can include the formation of a special needs trust to provide for the care of the disabled individual for his lifetime, while maximizing benefits available to him/her.
Such planning also generally involves working with a lawyer to establish proper legal authority to act on behalf of the disabled individual. This may be done through the execution of advance directives or a petition for guardianship (Article 81 or Article 17A). Planning also establishes a financial plan.
We understand how difficult it may be to care for loved ones with special needs. We have the experience and expertise to help.
Planning today can produce results that last a lifetime. Contact us at one of our offices in NYC or Long Island to get started.