As a parent, you undoubtedly devote a tremendous amount of effort, care, and foresight to supporting your children throughout every stage of their lives. If your child has special needs, that responsibility often extends indefinitely and requires planning that looks well beyond your own lifetime. Understandably, you want reassurance that your child will continue to receive proper care, financial stability, and opportunities for fulfillment long after you are no longer able to provide direct … [Read more...] about How to Incorporate Specials Needs Planning into Your Indiana Estate Plan
Special Needs Planning
Is It Time to Revisit Your Indiana Special Needs Plan?
Parents and caregivers of children with special needs understand the deep sense of responsibility that comes with ensuring a loved one’s lifelong care and financial security. Creating a special needs plan is one of the most important steps you can take to protect your child’s well-being both now and in the future. Yet, it is not enough to simply create the plan and forget about it. Life circumstances, laws, and financial situations evolve over time, and your plan must evolve along with them. The … [Read more...] about Is It Time to Revisit Your Indiana Special Needs Plan?
Developmental Disabilities Awareness Month: Is Your Loved One with Special Needs Protected?
March is recognized as Developmental Disabilities Awareness Month, providing an opportunity to raise awareness and promote inclusion for individuals with disabilities. It also serves as a reminder of the importance of special needs planning, particularly for those who have a loved one with a disability. Proper estate planning can ensure financial security, long-term care, and continued eligibility for essential government benefits. If you live in Indiana and have a family member with special … [Read more...] about Developmental Disabilities Awareness Month: Is Your Loved One with Special Needs Protected?
How to Know When It’s Time to Contact a Special Needs Planning Attorney
If you find yourself in the role of a parent, grandparent, or caregiver to a child with special needs, you likely recognize the significance of integrating a special needs planning component into your comprehensive estate plan. While establishing this component is crucial, it's equally important to periodically revisit and update it as circumstances evolve. To guide you on when to reassess your special needs plans, the Indianapolis attorneys at Frank & Kraft discuss how to know when it’s … [Read more...] about How to Know When It’s Time to Contact a Special Needs Planning Attorney
Special Need Planning: ABLE Accounts
If you are the parent or grandparent of a child with special needs, the importance of incorporating a special needs planning component into your estate plan cannot be understated. While every special needs plan should be uniquely tailored to the needs and objectives of the individual creating the plan, there are some frequently used estate planning tools and strategies that may help. The Indianapolis special needs planning attorneys at Frank & Kraft explain how ABLE Accounts may fit into … [Read more...] about Special Need Planning: ABLE Accounts
Estate Planning for Grandparents of a Grandchild with Special Needs
Grandparents play a unique role in the lives of their grandchildren. Typically, they get to have all the fun with little of the responsibility where their grandchildren are concerned. At the same time, they can pass down their wisdom and life lessons to their grandchildren, providing them with invaluable advice and guidance. Grandparents also frequently include their grandchildren in their estate plans. The Indianapolis special needs planning attorneys at Frank & Kraft explain why it is … [Read more...] about Estate Planning for Grandparents of a Grandchild with Special Needs
What Can Indianapolis Estate Planning Attorneys Do To Help Parents of Disabled Children?
Indianapolis estate planning attorneys can provide help to parents whose children are disabled. It is imperative that parents of disabled children have a dedicated and experienced attorney to provide them with help and support in making sure that their children are appropriately cared for throughout the course of their lifetimes. Disabled children often outlive their parents but cannot live independently so provisions must be made for their support and care. There are tools parents can use … [Read more...] about What Can Indianapolis Estate Planning Attorneys Do To Help Parents of Disabled Children?
What to Do If Your Heirs Have Special Needs
An Indianapolis inheritance planning attorney can help you to make an appropriate plan for transferring an inheritance to your loved ones after you pass away. It is important, as you make your plans, to consider any circumstances affecting your heirs or beneficiaries that could make it difficult or impossible to simply transfer wealth to them. While a direct transfer of assets using a will or other estate planning tools is often the easiest approach to making an inheritance plan, sometimes this … [Read more...] about What to Do If Your Heirs Have Special Needs
Make a Loved One More Comfortable With a Special Needs Trust
There are various different ways to arrange for asset transfers to your loved ones when you are planning your estate. Some people automatically reduce estate planning to the execution of a last will. In fact, this is just one of many possible vehicles of asset transfer, and it may not always be the best choice. As a case in point, consider the situation that would exist if you wanted to leave an inheritance to someone with a disability who is relying on Medicaid coverage. Need-Based … [Read more...] about Make a Loved One More Comfortable With a Special Needs Trust
Disability Lawyers, SSI, and Medicaid
Disability lawyers help clients who have special needs, and we also help the families of people who have loved ones who are disabled. A special needs trust can often provide a solution. In this post, we will provide a basic overview. Funding With the Beneficiary's Resources A first party special needs trust is a type of trust that could be used by someone who is disabled. People with disabilities often rely on government benefits that are only available to people who can prove that they … [Read more...] about Disability Lawyers, SSI, and Medicaid
