Cassady Law Offices, P.C. - Las Vegas Estate Planning Attorney
Call for a free consultation

Estate planning tips for special needs families

Nevada residents may find that creating an estate plan is difficult under normal circumstances. It could be even more challenging for families who have members with special needs. This is because an estate plan needs to take into account rules related to government benefits while making sure others know how to care for that person if a parent cannot. Writing a letter of intent may help family members or other parties learn more about the disabled person and how care should be provided.

The letter of intent can also describe the rules and regulations surrounding different government benefits a special needs individual receives. It can also be possible to provide instructions within a supplemental needs trust (SNT) that guide how money enters and leaves the trust. Ideally, the SNT will be created while a family member is still alive to reduce the chances that matters related to the special needs person's care have to be resolved in court.

If a special needs person receives a gift, it should be made to the trust instead of to the individual directly. Choosing a trustee is perhaps the biggest decision that is made regarding an SNT. It is possible to choose both a person and a corporate entity to act as co-trustees, and this may be an ideal decision for larger trusts.

A special needs trust may be an effective way to provide resources to family members who need extra care. It may be used among other trusts that can help to provide protection from creditors or otherwise add value to a person's estate plan. It can also allow those eligible for government benefits to receive them as well as gifts from family members. An attorney could help an individual create new trust documents or review those that already exist.

No Comments

Leave a comment
Comment Information
Email Our Team

More Questions? We Have Answers.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Las Vegas Office
10799 West Twain Avenue
Las Vegas, NV 89135

Toll Free: 800-557-6423
Phone: 702-706-1083
Fax: 702-650-5561
Las Vegas Law Office Map

Henderson Office
2425 W. Horizon Ridge Pkwy.
Henderson, NV 89052

Toll Free: 800-557-6423
Phone: 702-706-1083
Map & Directions