If you are the parent or guardian of a child or an adult with special needs, the day-to-day demands alone can be overwhelming. Thinking about the future can seem like mission impossible. When you consider how critical you are to the daily well-being of your loved one, how will you and your family ensure their future, especially if you are not there?
It happens suddenly. A formerly independent family member can no longer successfully navigate life at home without assistance. Is it time to consider moving to assisted living or a nursing home?
In fact, according to a recent AARP survey of American adults, 76% of those age 50 and over wanted to remain in their current residence as long as possible. In addition to the emotional and physical stress of moving, there is the .
The journey to get here has been challenging and rewarding. You couldn’t be prouder of your child for successfully navigating an educational system that simply wasn’t built for him or her. You are both grateful for the services and benefits that have made it possible to succeed. And, this isn’t the end. The next step may be college. Your child may feel ready to take the intimidating plunge of life away from home, but the unknowns are many. .
If you’ve ever been faced with managing the details of administering a deceased loved one’s estate, you appreciate how confusing and stressful the entire process can be. You probably never told yourself, “I wish my relatives had done less planning.” In fact, the more detailed and thoughtful an estate plan is, the clearer and easier it will be to follow the individual’s wishes after death.
As a parent or guardian of a child with special needs, you’ve meticulously planned and provided for your child’s educational and care needs. Then, one day, it hits you. All too quickly your child is a teenager on the cusp of adulthood. What does life look like as your child enters those adult years? The answer will depend heavily on how you and your child plan for that future. Transition planning for life after school takes careful thought .
“I don’t want to worry about Medicaid and a friend said that I should buy an annuity now, should I?”
Many clients come into our office having received all kinds of advice from their friends, families and neighbors. One piece of advice that we've heard several times is “I understand that I need to buy an annuity now to protect my money in the event that my spouse goes into a nursing home in the future, is that right?” or “I’ve been told I .
Providing for a child or adult with special needs requires meticulous planning. Once families have created their special needs trust, ensured medical benefits are in place and preserved, and selected a capable trustee to manage their loved one’s assets or inheritance, what else is needed? The answer perhaps is one of the most important pieces – not a formal legal document, but something much more personal—the “letter of intent.” For .
“My dad went into a nursing home and mom is at home – is there anything we can do to protect my mom?”
“I am a personal injury attorney and am getting a settlement for my client who suffered a disability from their injury. Are there timing issues on when payments should be made from the settlement?”
When you have settled a lawsuit for a client and you know that the money is going to be paid out by the defendant any day now, you might have a question as to whether there's a specific way it should go out to a client with disabilities.
A Medicaid look-back period relates to how far back the state of New Hampshire can look at your financial records to determine whether you're financially eligible for Medicaid nursing facility benefits.