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ERIC Number: EJ819669
Record Type: Journal
Publication Date: 2008-Nov
Pages: 3
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0046-9157
Planning Strategies for Individuals with Special Needs: From Mid-Life and beyond
Mayoras, Danielle; Joswick, Matthew
Exceptional Parent, v38 n11 p31-33 Nov 2008
When a parent leaves an inheritance over $2,000 to an individual with special needs, the inheritance is actually a gift to the government because it eliminates that child's qualification for government benefits. The use of a special needs trust eliminates this disqualification because the inheritance is not left to the individual with special needs, but rather to his or her trust. As a result, the individual maintains his or her government benefits and receives an inheritance. These trusts provide peace of mind to the parents and an additional fund for the individual with special needs. This article goes beyond the basic special needs trust and also focuses on the planning for an individual with special needs from mid-life and beyond. It addresses several different long-term care options including home care, assisted living, adult foster care, and nursing homes. Furthermore, this article provides general information concerning a variety of legal topics.
EP Global Communications Inc. 551 Main Street, Johnstown, PA 15901. Tel: 877-372-7368; Fax: 814-361-3861; e-mail: EPAR@kable.com; Web site: http://www.eparent.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A