Falk, Cornell & Associates, LLP
Special Needs Planning
Families who have a family member with a disability must plan for the future very carefully. How assets are left after your death can have a tremendous impact on the quality of life for that person. In the past, a Will may have been enough, but times have changed. To protect a person with special needs, a well-defined estate plan is vital.
How A Special Needs Trust Works
A Special Needs Trust allows a parent, grandparent or guardian to provide funds for a child with a disability without disrupting the child’s eligibility for government aid. Setting one up is a fairly simple process. Important points to remember while investigating the use of this estate planning tool are:
- Decide on an appropriate guardian for your child
- Determine who would be a suitable Trustee(s) to manage the Trust’s assets and supervise your child’s finances
- Outline instructions for your child’s education, housing, personal and emotional needs
Our law firm helps families address the financial, legal and social aspects of a person’s life to develop an effective plan for the future. Our goal is to ensure that their needs are met and that they have the opportunity to expand their horizons and follow their dreams.
Lisa A. Hutar
Attorney & Of Counsel
Lisa works exclusively in the area of estate planning. Her practices focuses on all aspects of estate planning including revocable living trusts, special needs planning, charitable planning and trust administration.
Lisa especially enjoys working with families that have loved ones with special needs. She devotes a substantial portion of her practice to special needs planning, supported decision making agreements and limited conservatorships. Lisa frequently presents on basic estate planning, special needs planning, ABLE accounts and decision making (supported decision making agreements and limited conservatorships).
Lisa ‘s passion for special needs planning stems from the love for her son, Eric who happens to have Down Syndrome. She truly understands the fine art of dealing with the myriad of entities that surround the lives of families that have a child with special needs: Special Education, Regional Center Eligibility, Government benefits and Special Needs Planning.
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