Helping You Protect Your Loved Ones
Medicaid planning to ensure benefits while protecting assets - Establishing a guardianship to protect the well-being of an incapacitated loved one
- Creating trusts to provide resources for the care of a loved one with special needs
A Holistic Approach To Life Care Planning For Your Family
Do you have a loved one with special needs? Are you worried about not being able to continue caring for them? Are you concerned about the financial pressures of meeting their needs? Are you considering guardianship?
At Stefans Law Group PC, we understand that people who have children or relatives with special needs face many challenges and questions such as how to:
- Leave property or money to them without losing public benefits
- Ensure that the funds are well-managed
- Provide them with proper social, emotional and mental care
- Prevent overburdening other children or relatives with caring for them
- Ensure there is enough money to meet their needs and your own
Estate planning tools such as trusts and guardianships can provide solutions for many of these issues.
Creating A Special Needs Trust
A special needs trust can provide a disabled person lifelong financial security while preserving their eligibility for public benefits such as Medicaid, SSI and public housing. This prevents people from being forced to choose between getting the care they need and preserving the quality of life they have worked so hard to achieve.
Establishing A Guardianship
A guardianship is a legal relationship where one adult is given decision-making authority over another adult. Guardianship can be of the person and/or of the person’s property. Generally, this process begins when an individual becomes incapacitated or disabled, and unable to manage his or her affairs. It’s a complicated and court-supervised process, and each jurisdiction has various laws governing the process and the guardian’s responsibilities throughout the relationship.
Get Help With Special Needs Planning And Guardianship
Our team of attorneys, social workers and geriatric care managers understand your concerns, and can explain your options for providing a secure and safe future for your loved one. We are here to support and advise you compassionately throughout the process. Call 516-692-2744 or email us to schedule a consultation.