Divorced Parents & Special Needs Planning

Parents find that due to any number of conditions, their particular child requires special care and attention. While these disabilities may not limit the potential of a child and undoubtedly not limit the love of the parents, they may require extra focus, particularly after a divorce.

Your special one’s needs must be kept in mind after your divorce. This would include finding ways to ensure continued care for your child should you and your partner pass away.

The way you structure your child’s settlement and other forms of financial assistance can significantly affect his or her eligibility for public benefits.

Additionally, certain laws require parents to be financially responsible for some disabled children, who ensure that the financial resources of an adult can also be partially attributed to a child and affect the eligibility of the child for public benefits.

Throughout this scenario, the most appropriate way to protect the eligibility of your child for public benefits is to establish a trust in special needs.

When the child turns 18, all financial support can be reallocated to the trust, allowing the child access to much-needed money without forfeiting government benefits.

A properly designed special needs trust will provide financial support for any service that goes beyond what the government provides.

Since caring for a child with special needs can be a financial strain, particularly in a divorce, it is important to have an additional financial plan that involves childcare help. In this way, the needs of a special child can be better protected by divorced parents.

Getting the plan for you and knowing it will work when the times comes due will give you the peace of mind you deserve.

Contact our law firm today to get a FREE special needs trust consultation so you can learn more. We would love to help you and your family!