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The definition of special needs is much broader in the estate planning context than it is in the medical context. While special needs trusts and other types of trusts can be designed specifically to protect individuals with disabilities and medical conditions, they can also be designed to address other unique situations. For example, if one has a history of substance abuse or other addictions, and you are worried that he or she would not be able to manage a sizeable inheritance, then a trust can be created to make certain that the assets you are leaving behind will be properly used to benefit your loved one for years to come.
If a disabled beneficiary is receiving or is entitled to government benefits, then proper planning is necessary because an inheritance could make the disabled beneficiary ineligible for his or her benefits. We know how to implement special needs planning to minimize such undesired outcomes.
If you wish to discuss special needs planning, then please contact us at 205-349-1910 to schedule a consultation.