If you have a child with special needs in your family, you’ll have to make provisions that will protect that child when creating your estate plans. Taking care of a child with special needs requires attention and money. You have to be by their side, ready to assist them with anything they need. You have to pay for the best healthcare system to guarantee their health. All this can be expensive, so when creating an estate plan, you must ensure to include plans for their health care. 

For this to happen, you’ll need to hire the best estate planning lawyer to help create a special needs trust. By doing this, you’re taking care and securing the future of your child with special needs. 

This article will discuss the role of trust attorneys (also estate planning lawyers) in special needs trusts. Continue reading to learn more:

How does a trust attorney help?

A trust attorney plays a crucial role in creating special needs trust. They get your paperwork started and walk through the details with you. This way, you can dictate especially what you want to put in place to secure and protect the future of your loved one. The trust attorney then proceeds to create a special needs trust that fits the needs of your child, choose a trustee and fund the trust. 

As time goes on, you may need to make changes or upgrades to the trust, depending on the circumstances at the time. You’ll need to work with a trust attorney to modify the trust according to the standard of the law. Also, a trust attorney can help you close the trust if you want it or if unexpected circumstances arise in the future. 

What’s in a special needs trust?

Creating a special needs trust means you may already have a child with special needs. Funding this trust is a way for you to take care of your child’s future and ensure that they lack nothing that will make their life easier. 

You can fund the trust with all types of assets which may include properties, investments, jewellery and businesses. Funding a special needs trust is not only a show of love, it’s also a way to ensure you enjoy these assets without missing out on government benefits. 

Another interesting part of funding a special needs trust is that your appointed trustee can liquidate the assets in the trust and convert them to cash to provide immediate medical care for your child with special needs.  Putting these plans in place provides your child with the best health care and financial security.

Conclusion 

Creating a special needs trust can be challenging sometimes. It requires deep knowledge of the law and the system. Also, it requires attention to detail and expertise. A trust attorney has the experience and expertise to ensure the process of creating a special needs trust goes as smoothly as possible.