Special needs estate planning focuses on providing for the special needs of our loved ones who have disabilities, when we are no longer able to advocate on their behalf. Families want to make sure that they provide for their loved ones in their estate plan and at the same time preserve access to public benefits such as Social Security or Medicaid for that family member. This highly technical area of the law incorporates various aspects of estate planning, guardianship, and government benefits.
The two main types of Special Needs Trusts are discussed below.
Third-Party Special Needs Trust
Self-Settled Special Needs Trust
This trust is generally created by a parent, other family member, or legal guardian using the assets of the loved one with the special needs. This is often done when a family member receives a settlement from a personal injury lawsuit and requires lifelong care.
Illinois Special Needs Attorney
At AuBuchon & Pennuto Law, we would be honored to sit with you and hear your family’s story. It is a wonderful feeling when our clients tell us that they have peace of mind knowing that they have executed an estate plan that will take care of a loved one with special needs when they are no longer able to care for that family member.
AuBuchon & Pennuto Law are special needs attorneys serving Cook County, DuPage County, Kane County, Kendall County, & Will County. We have two office locations to better serve you. Visit our Special Needs Planning Attorneys at our Plainfield, Illinois office or our Warrenville, Illinois office.
Email or call us at 630-412-0412 to schedule a consultation with a dedicated Special Needs attorney.