Set Your Most Vulnerable Loved Ones Up For Success
As a family member and caretaker, you know that children and adults who have special needs require specific state services. If your loved one does not meet certain income limitations, those services can be revoked, and their life can be changed forever.
Our attorneys are highly respected estate planners. We have spent more than 30 years helping Tennessee families provide for their loved ones. Founding attorney Russ Cook is an estate planning specialist, and he and the rest of our team will work hard to help you put the right trust in place to protect your family.
How Special-Needs Trusts Provide For Special-Needs Children And Others
As your loved one gets older, you will walk through many milestones. If this person is your child, you may need to undergo guardianship procedures, and there is a good chance that your loved one’s medical needs will require him or her to be on public benefits.
Each of these benchmarks comes with its own specific needs. A well-structured special-needs trust can provide for your special-needs family member and be a crucial resource when medical or living expenses may otherwise be overwhelming.
A special-needs trust can:
- Provide for unexpected medical expenses
- Cover the costs of in-home care
- Set up monthly expenses, including daily needs and living expenses
- Cover your loved one’s financial needs after you pass away
- Help maintain your loved one’s public benefits
You may not always be there to take care of your loved one. A trust can last in perpetuity. To find out how a special-needs trust can fit your specific situation, speak to one of our attorneys today.