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Protecting Your Loved OnesPreserving Your Assets
South Dakota Special Needs Planning Lawyers
Helping Special Needs Caretakers Plan Their Future for Close to 30Years
If you have a loved one with special needs, you know how labor-intensive, constant, and costly it can be to care for them. Special needs planning is a particular arm of estate planning that helps your loved ones continue to take care of themselves after you are gone. By handling the complex financial and logistical aspects of these arrangements, Aspen Legacy Planning can provide you with peace of mind from knowing your loved one will be cared for. Let our South Dakota estate planning and elder law attorneys help you learn more about planning for special needs care by calling today.
Benefits of Hiring Comprehensive Special Needs Planning Lawyers
Generally speaking, government programs that provide for special needs individuals are reserved for those who fall below a certain economic threshold. For this reason, you must be very careful about what you choose to transfer to them upon your passing, whether it be property or your life insurance policy.
By hiring an experienced legal professional to help, you will have an easier time:
- Helping your loved one with special needs remain eligible for public care programs
- Setting up a special needs trust to provide for additional expenses that your loved one may incur
- Explaining how gifts or any inheritance can disrupt their public assistance
A special needs trust can be a crucial step in your estate planning process because it could allow you to provide for your loved one without jeopardizing their Medicaid or Social Security.
Establishing a Special Needs Trust
Another complicated facet of special needs planning is appointing a guardian to help them with important decisions taking place after they turn 18 years old. You should place the task of special needs planning in the hands of someone knowledgeable and trustworthy. At Aspen Legacy Planning, Principal Attorney Stephen J. Wesolick has 30 years of experience and can walk you through the steps to determine what arrangement suits your needs.
Call our office today at (605) 610-4016 to start the planning process.
As your attorneys and counselors, we put your interests first - treating you with respect, honesty and dignity.
30 Years of Legal Experience
We offer no-obligation in-person, telephone and video-conference consultations for your convenience.