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Posts Tagged ‘new york special needs planning’

Factors to Consider When Estate Planning in an Adoptive Family

It is important for all parents to plan for their child’s protection and care in the future and having an estate plan will ensure this kind of protection. Estate planning when an adopted child is involved is often a complicated process, as it involves a number of factors that are not necessary when planning for [...]

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Comparing Testamentary and Intervivos Trusts

Establishing a Special Needs Trust for a loved one with disabilities can ensure that he or she will be taken care of in the future. However, it is important for families to choose the right type of trust. There are two major types of Special Needs Trusts: testamentary and intervivos. The [...]

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Revocable and Irrevocable Living Special Needs Trusts

Once you have decided to establish a Living Special Needs Trust, you must also decide whether or not this trust will be revocable or irrevocable. There are benefits and drawbacks of each type of trust, and you must carefully consider your family’s circumstances before making a decision.
With a Revocable Trust, you [...]

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Responsibilities of a Special Needs Trustee

Being the trustee of a Special Needs Trust is a job that comes with great responsibilities. Many family members consider naming a relative as trustee of their child’s Special Needs Trust. However, some families choose to go with a professional special needs trustee, as they have extensive experience in handling all [...]

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Analyzing Alternatives to Special Needs Planning

All parents of children with disabilities worry about the day when they will no longer be able to care for them. While many parents have figured out ways to make life more comfortable for a child with disabilities while they are around, thinking about a time when they can no longer [...]

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Revocable and Irrevocable Living Special Needs Trusts

Once you have decided to establish a Living Special Needs Trust, you must also decide whether or not this trust will be revocable or irrevocable. There are benefits and drawbacks of each type of trust, and you must carefully consider your family’s circumstances before making a decision.
With a Revocable Trust, you [...]

Continue reading...

Responsibilities of a Special Needs Trustee

Being the trustee of a Special Needs Trust is a job that comes with great responsibilities. Many family members consider naming a relative as trustee of their child’s Special Needs Trust. However, some families choose to go with a professional special needs trustee, as they have extensive experience in handling all [...]

Continue reading...

Analyzing Alternatives to Special Needs Planning

All parents of children with disabilities worry about the day when they will no longer be able to care for them. While many parents have figured out ways to make life more comfortable for a child with disabilities while they are around, thinking about a time when they can no longer [...]

Continue reading...

Considering the Possibility of Continuing Education in Special Needs Planning

Children with special needs face a variety of challenges when pursuing a post-secondary education. Regardless of disability, all children have certain rights guaranteed to them to help optimize their educational experience.
Some children with special needs may wish to continue their education beyond high school. It is important for these students and their parents to [...]

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Estate Planning and Trust Protectors

A trust protector is an individual who will oversee a trust and make sure it is not affected in the event that laws or other circumstances change. A trust that will be in effect for a lengthy period of time may benefit from a trust protector. Appointing a trust protector makes a long-term trust more [...]

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