How do I plan for a child or grandchild with special needs?

When it comes to estate planning for a child or grandchild with special needs in Massachusetts, it is important to ensure that they are provided for in the best way possible. The first step in doing this is to create a Special Needs Trust (SNT). A Special Needs Trust is a legal arrangement that provides for the care of an individual with disabilities, while also protecting their eligibility for government benefits. When considering a Special Needs Trust, it is important to speak with an attorney who is experienced in both estate planning and special needs law. This will ensure that the trust is structured in the most beneficial way for the beneficiary, and that it meets all of the requirements under state and federal law. Additionally, it is important to consider a plan for the long-term care of the beneficiary. This can include financial planning, guardianship and other legal arrangements that will ensure their safety and care. Finally, it is important to discuss these plans with the beneficiary, as well as their family, to ensure that their wishes are taken into consideration. This will ensure that the trust is structured in a way that meets the beneficiary’s personal needs and goals. Planning for a child or grandchild with special needs can be a complex process, but with the right guidance and planning, it can ensure that they are cared for appropriately and their needs are met in the best way possible.

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How do I plan for a child or grandchild with special needs?

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