How can I protect the assets of my disabled family member?

In Pennsylvania, there are several steps you can take to protect the assets of your disabled family member. The first step is to create a special needs trust. A special needs trust is a type of trust specifically designed for individuals with a disability. This type of trust allows your family member to receive government benefits and still have access to the assets in the trust. Another step you can take is to create a guardianship or conservatorship. This is a legal relationship that allows you to manage the finances and legal decisions of your disabled family member. Depending on your family member’s needs, you may want to consult with an attorney or financial adviser to determine the most appropriate type of guardianship or conservatorship. Finally, you should consider applying for disability benefits. This is a government program that can provide your family member with financial assistance to cover expenses related to their disability. It is important to consult with a knowledgeable attorney or financial adviser to help you apply for disability benefits. These are a few of the steps you can take to protect the assets of your disabled family member. It is important to understand the law to ensure that you are taking the right steps to protect your family member’s assets. Consulting with an attorney or financial adviser can help you create the best plan for your family member’s needs.

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How can I protect the assets of my disabled family member?

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