Special Needs Planning

Individuals and family members who want to provide for a developmentally disabled child or adult or other incapacitated family member will benefit from special needs planning. A special needs trust will allow the beneficiary to receive distributions from the trust without losing eligibility for governmental benefits. A special needs trust is usually created by a parent, grandparent, guardian or other relative and can be an extremely effective estate planning tool.

There are two types of special needs trusts:

• Self settled special needs trust (first party trust).
• Third party special needs trust.

A special needs trust can be created through your Will (to become operative upon your death) or during your life. If a special needs trust is created during your life, assets can be added to the trust throughout your lifetime. If a special needs trust is created through your Will, it can be funded by assets of your estate and life insurance.

We will help you identify your goals and objectives and put a plan into place designed to help you protect your special loves one.

To speak with a special needs planning attorney, contact Stephanie Mudgett Boates, 281-584-0034.

Stephanie Mudgett Boates, P.C., represents clients in the cities of Houston, Memorial, Bellaire, Katy, Sugar Land, Richmond, Rosenberg, Cypress, Spring, Conroe, Tomball and Galveston and in the following counties: Harris County, Fort Bend County, Montgomery County, Brazoria County, Galveston County and Waller County.