Special Needs Planning

SPecial Needs Planning Overview

Special needs planning ensures that those with disabilities or who lack the capacity or financial responsibility to take care of themselves will be provided for in the future.  Special needs planning includes laying the groundwork up front to withstand challenges by the special needs beneficiary or others in the future.  At the same time, special needs planning should be flexible enough to accommodate situations that may change in the future.

We can help you address your special needs.  We use compassion and patience to work with you to develop a plan that will work.

Special Needs Planning

When might I need Special Needs Planning?

  • Parents With Mentally or Physically Disabled Children:  How can you ensure no gap between government assistance and true needs?
  • Parents with Financially Irresponsible Children:  How can you financially protect your troubled child from themselves or others as a consequence of drugs, gambling or other poor decision making?
  • Loved One Who Has Relationships You Don’t Trust:  How can you protect your loved one from a significant other that may not have your loved one’s best interests in mind?
  • Disabled Person Who Inherits Assets Or Receives A Settlement: How can you ensure that such funds will not impact ability to receive government assistance?  How can you ensure that the funds will be used for the benefit of the disabled beneficiary?  Will the assets go to the government after the death of the special needs recipient?
  • Elderly Disabled:  Is an elderly loved one disabled now or likely to become disabled in the future?  How can special needs planning and estate planning be integrated in such a situation?
  • Those with Special Needs Beneficiaries:  May include parents, grandparents, godparents, etc.  Do your estate planning documents take into consideration the best way to provide for the disabled beneficiary?

Contact Steiner Law Offices, PLLC today for help with special needs planning – Get started now

The Special Needs Planning Process

The special needs planning process includes:

  • Evaluating the situation and analyzing options
  • ​Preserving assets while qualifying for government assistance
  • Properly drafted Special Needs Trust (a.k.a Supplemental Needs Trusts) and other related documents
  • Laying the foundation for the disability to avoid a fight later
  • ​Naming a legal guardian
  • Special Needs Instructions

Administering Special Needs Trusts

Administration of a special needs trust includes the following:

  • Invest assets
  • Required tax filings
  • Disbursements according to written trust agreement
  • We can serve as trustee and carry out trust administration duties
  • If a family member or friend is named trustee, we can represent the trustee guiding them through the administration process

Other Special Needs Planning Services

Other special needs planning services include:

  • ​Laying the foundation for the disability to avoid a fight later
  • Searching out and qualifying for all available government benefits
  • Obtaining guardianship of an individual

Contact Steiner Law Offices today for help with special needs planning – Get started now

Contact us for personal and professional help with Special Needs Planning. We offer this to clients in Lakewood Ranch, Sarasota, Bradenton and Venice, Florida, including Sarasota County and Manatee County.