What should I tell family members that wish to leave my special needs child part of their inheritance?
Family members should contact an attorney familiar with Special Needs Trusts. If a family member leaves money outright to your child, the child could be disqualified from government programs. Family members may either set up an immediate Special Needs Trust if they wish to start gifting right away, or incorporate a Special Needs Trust in their estate planning documents if they wish to leave money to a special needs family member upon their death. You can also set up a present Trust for family members to leave money to a child with special needs.
Related Questions
- After I die, can I and other family members just leave my child with Autism an inheritance, or give him a monetary gift without a Special Needs Trust in place?
- What should I tell family members that wish to leave my special needs child part of their inheritance?
- Is the familys economic status a factor for the person or child to be eligible for a special wish?
