Skip to content
  • (951) 781-1960
  • info@moynihanlyons.com
  • 6529 Riverside Avenue Suite 132 Riverside, CA 92506
Facebook-f Twitter Linkedin-in Rss
Moynihan Lyons PC, Estate Planning and Elder Law. For Today. For the Future.
  • Home
  • Estate Planning
    • Estate Tax Planning
    • Business Succession Planning
    • Asset Protection
    • Charitable Planning
  • Elder Law
    • Long Term Care
    • Medi-Cal
    • Special Needs
    • Veterans Benefits
  • Probate & Trust Administration
    • Probate
    • Trust Administration
  • About Us
    • J. Terrence Moynihan
    • Maureen A. Lyons
    • Raquel Gutierrez
  • Resources
    • Blog
    • Subscribe
    • For Professional Advisors
    • FAQs
  • Contact Us
    • Becoming a Client
    • Book a Call
Menu
  • Home
  • Estate Planning
    • Estate Tax Planning
    • Business Succession Planning
    • Asset Protection
    • Charitable Planning
  • Elder Law
    • Long Term Care
    • Medi-Cal
    • Special Needs
    • Veterans Benefits
  • Probate & Trust Administration
    • Probate
    • Trust Administration
  • About Us
    • J. Terrence Moynihan
    • Maureen A. Lyons
    • Raquel Gutierrez
  • Resources
    • Blog
    • Subscribe
    • For Professional Advisors
    • FAQs
  • Contact Us
    • Becoming a Client
    • Book a Call
Menu
  • Home
  • Estate Planning
    • Estate Tax Planning
    • Business Succession Planning
    • Asset Protection
    • Charitable Planning
  • Elder Law
    • Long Term Care
    • Medi-Cal
    • Special Needs
    • Veterans Benefits
  • Probate & Trust Administration
    • Probate
    • Trust Administration
  • About Us
    • J. Terrence Moynihan
    • Maureen A. Lyons
    • Raquel Gutierrez
  • Resources
    • Blog
    • Subscribe
    • For Professional Advisors
    • FAQs
  • Contact Us
    • Becoming a Client
    • Book a Call
  • Home
  • Estate Planning
    • Estate Tax Planning
    • Business Succession Planning
    • Asset Protection
    • Charitable Planning
  • Elder Law
    • Long Term Care
    • Medi-Cal
    • Special Needs
    • Veterans Benefits
  • Probate & Trust Administration
    • Probate
    • Trust Administration
  • About Us
    • J. Terrence Moynihan
    • Maureen A. Lyons
    • Raquel Gutierrez
  • Resources
    • Blog
    • Subscribe
    • For Professional Advisors
    • FAQs
  • Contact Us
    • Becoming a Client
    • Book a Call

Home » Blog » Special Needs Trust » How Do I Plan My Estate With a Disabled Child?

How Do I Plan My Estate With a Disabled Child?

  • ABLE Account, Asset Protection, Capacity, Disability, Estate Planning Lawyer, Guardianship, Inheritance, Letter of Intent, Medicaid Planning Lawyer, Power of Attorney, Probate Court, Special Needs Trust, Wills
  • September 18, 2019

Please Share!

Yahoo News’ recent article, “4 Tips for Estate Planning When Your Child Has a Disability” gives us four simple steps to take, if you have children with disabilities.

  1. Draft a letter of intent. This is a letter of instruction that includes instructions that your family and friends will need, if you die or for any reason become incapacitated. This letter should list the passwords to your online financial accounts and personal information someone would need to efficiently step into your life, your home and care for child with a disability. It can include medications, daily routine, strategies you use for calming, therapists’ contact info and other daily living items someone not living in your home may not know about your life.
  2. See an estate planning lawyer. Ask an attorney to help you build a vision for what you want your child’s future to look like. Have the attorney create a will and a special needs trust. A special needs trust lets you to distribute funds and property in a way that doesn’t interfere with government program benefits.
  3. Create a power of attorney or guardianship. A power of attorney for financial and medical issues may be a viable solution. Supported decision-making is an alternative that empowers those with intellectual disabilities to make choices with support and while preserving their rights. If guardianship is your objective, talk to an attorney before your child reaches age 17.
  4. Create an ABLE account. This account can hold funds to ensure your child’s regular account never has more than $2000, which would jeopardize government program benefits, like Medicaid.

This may seem like a gigantic task, so take it one step at a time. Do one thing at a time. Begin the process with the letter of intent and think about the vision you have for your child. Then speak with an estate planning attorney, who is experienced in helping special needs families.

Reference: Yahoo News (August 26, 2019) “4 Tips for Estate Planning When Your Child Has a Disability”

 

Search

Recent Posts

Should You Take Social Security Benefits at Age 62?

Why You Need a Secondary Beneficiary

How to Protect Loved Ones from Being Disinherited

How Does an ABLE Account Work for a Special Needs Child?

How Does a Trust Work?

Subscribe to Our Blog Digest & eNewsletter

PrevPreviousHow to Help Your Elderly Parent Without Ruining Your Relationship
NextCan I Keep a Loved One’s Inheritance From Their Spouse?Next
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer

Recent Posts

Should You Take Social Security Benefits at Age 62?

February 16, 2023

Why You Need a Secondary Beneficiary

February 15, 2023

How to Protect Loved Ones from Being Disinherited

February 14, 2023

How Does an ABLE Account Work for a Special Needs Child?

February 13, 2023

How Does a Trust Work?

January 31, 2023

Beneficiary Mistakes to Avoid

January 27, 2023

More Information

Moynihan Lyons PC, Estate Planning & Elder Law, For Today, For The Future

6529 Riverside Avenue Suite 132 Riverside, CA 92506,Riverside,CA 92506

  • (951) 781-1960
  • info@moynihanlyons.com
estate planning

Copyright © IMS. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. Some artwork provided under license agreement.