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A Primer for Special Needs Planning

Special needs

They navigate a confounding thicket of tasks and rules. On one side, there is the bureaucracy that government program administrators may erect at any moment. On the other, there are specialized trust accounts and estate planning issues to consider.

In this election season and numerous others, there are many debates on which government programs should stay put and which ones should be cut.  Oftentimes, the disabled population gets forgotten in these debates.  If you have a family member with special needs, what are you to do if the aid they depend on gets thrown on the chopping block? When you have a child with special needs, planning ahead is absolutely essential.

Unfortunately, few parents of children with special needs fully appreciate what is at stake and how to protect it. To make matters worse, too few professional financial planners are versed on the need to provide a long-term solution for such children, especially with shrinking public assistance benefits.

The New York Times recently provided a mini-primer of sorts on the subject titled “Assuring Care of a Family Member With Special Needs.” While proper planning will vary from one family to another, given different needs, there are many tools to employ ranging from special needs trusts to life insurance. The key is to know which ones to use.

As funds available for public assistance programs such as Medicare, Medicaid, and Social Security become more restricted and unpredictable, planning for special needs is going to be more and more important each year. Seek appropriate counsel for your special needs family member to gain peace of mind for their future care.

You can learn more about special needs planning  on our website. Be sure to sign up for our free e-newsletter to stay abreast of issues like these that could affect you, your loved ones and your estate planning.

Reference: The New York Times (October 5, 2012) “Assuring Care of a Family Member With Special Needs

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We've been putting together as many resources as possible so that we can continue to help:

  • If you’re a current client with a signing appointment or a prospective client with a consultation and would prefer that meeting take place in your own home, we can accomplish that with a little bit of pre-planning on our part and with the addition of a laptop, smartphone, tablet or other computer in your home to facilitate this virtual meeting. For those of you that need to sign legal documents, that too can be accomplished with the use of a webcam (FaceTime etc.), so that we can witness and electronically notarize all of your important legal documents.
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Thank you, Walt and the Zaremba Team

Coronavirus/Covid-19
Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.