Comments for Bennett Boehning & Clary http://www.bennettlaw.com Your Success is Our Success Thu, 07 Jul 2011 16:05:55 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Special Needs Planning for Loved Ones, Part 4 by Roger Bennett http://www.bennettlaw.com/2011/06/special-needs-planning-for-loved-ones-part-4/#comment-30 Roger Bennett Thu, 07 Jul 2011 16:05:55 +0000 http://www.bennettlaw.com/?p=1720#comment-30 Those are all good questions to be worked through family by family, except: 1. Good special needs planning will in virtually every case preserve eligibility for Medicaid and SSI (the other "big" needs-tested public assistance program). 2. Grandparents and other family members should coordinate planning with parents. A single Special Needs Trust may aggregate money from many people interested in the beneficiary's wellbeing. 3. A Guardianship is apt to be needed, despite most inheritance being held in trust, where, for instance, a disabled child is vulnerable to financial exploitation -- for instance, the con man selling overpriced stuff or home repairs door-to-door, Only a guardianship can decisively nullify contracts signed by an adult. Those are all good questions to be worked through family by family, except:
1. Good special needs planning will in virtually every case preserve eligibility for Medicaid and SSI (the other “big” needs-tested public assistance program).
2. Grandparents and other family members should coordinate planning with parents. A single Special Needs Trust may aggregate money from many people interested in the beneficiary’s wellbeing.
3. A Guardianship is apt to be needed, despite most inheritance being held in trust, where, for instance, a disabled child is vulnerable to financial exploitation — for instance, the con man selling overpriced stuff or home repairs door-to-door, Only a guardianship can decisively nullify contracts signed by an adult.

]]> Comment on Special Needs Planning for Loved Ones, Part 4 by Church Construction http://www.bennettlaw.com/2011/06/special-needs-planning-for-loved-ones-part-4/#comment-23 Church Construction Mon, 27 Jun 2011 04:10:51 +0000 http://www.bennettlaw.com/?p=1720#comment-23 Many thanks for taking the time to discuss this, Will help families consider how to think ahead for potential needs, no matter how high functioning your child: 1. How much will it cost to assure that your family member with a disability will have quality of life? 2. Where will the money come from? 3. Should you purchase term or permanent life insurance? 4. What special planning is needed in your will and other estate planning documents? 5. How can you use Supplemental Needs Trusts to preserve your child’s Medicaid eligibility? 6. What should grandparents and other family members consider in their estate planning documents? 7. When would a guardianship be needed for Many thanks for taking the time to discuss this,
Will help families consider how to think ahead for potential needs, no matter how high functioning your child:

1. How much will it cost to assure that your family member with a disability will have quality of life?
2. Where will the money come from?
3. Should you purchase term or permanent life insurance?
4. What special planning is needed in your will and other estate planning documents?
5. How can you use Supplemental Needs Trusts to preserve your child’s Medicaid eligibility?
6. What should grandparents and other family members consider in their estate planning documents?
7. When would a guardianship be needed for

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