Estate Planning For Special Needs Relatives

November 5, 2019
Written on behalf of Daniel H. Chambers Attorney at Law, P .C.

If you have a child, sibling, or parent who is special needs, you want to take comfort in knowing they’ll have a support system in place after you pass. For this reason, it’s important to have a comprehensive estate plan that includes care for them. 

A family member or friend might have informally promised you that they’ll take care of your special needs relative, but you can’t always rely on that promise. Lives can change in an instant from a variety of factors, and that person might suddenly be unable to care for your loved one. Casual planning isn’t enough and it’s crucial that you have a legal, formalized plan in place.

Types Of Special Needs Trusts in Alabama

Formal special needs planning can guarantee that your loved one will have proper care even if family circumstances change. When planning for your special needs loved one, you can use a number of different trust forms. These can include:

• Support Trusts
• Third-Party Special Needs Trusts
• Self-Settled Special Needs Trusts
• Standalone Special Needs Trusts
• Sub-Trusts
• And more

To ensure that you set up a trust that makes sense for your circumstance, you’ll need to work with an attorney who is experienced in estate planning that considers special needs relatives.

Contact An Experienced Estate Planning Attorney in Hoover, AL

Attorney Chambers has dedicated his career to helping clients successfully resolve their various family law and estate planning issues. He understands that special needs planning for your loved ones can be difficult and sometimes confusing, and is personally available to answer any questions or concerns you may have throughout the planning process.

To discuss your concerns with a skilled Hoover, Alabama special needs planning lawyer, contact Daniel H. Chambers, Attorney-at-Law, PC, by calling 205-913-4057. You can also schedule your initial consultation by contacting Attorney Chambers online.