Posted on June 19, 2020
How to Get The Best Estate Planning Lawyer
All parents have certain considerations that must be carefully accounted for when preparing their estate plans. Estate planning become more complex and important as the ability of mentally ill or disabled interrupt their children to take care of themselves. In particular, parents of children with special needs have plans that provide for the financial needs of children without disqualifying them for valuable government benefits.
The US Census Bureau reported that 10% of the American family has special needs of children with physical disabilities, emotional, or mental. You can browse estate planning Arizona through https://www.danalegalhelp.com/practice-areas/estate-planning/ for getting more information about estate laws.
This family must bear significant financial charges on behalf of the special needs of their children. These fees, related to housing, basic living necessities and medical care is likely to persist throughout the child's life. What is perhaps most surprising is that over 60% of parents did not take any steps towards planning for the child's financial future. Many have not even write a will.
The only way to ensure that the remaining assets to family members who are unable to manage their own finances because of a mental disability, physical, or emotional possible to put them under the care of a qualified professional that will manage and preserve assets for beneficiaries. The key here is to choose an appropriate guardian.