Planning for the Future

learn every single way
to protect the future security
of a person with a disability!

planning for the future

Planning For The Future - Providing A Meaningful Life For A Child With A Disability is the best book available for a parent with a disabled child or a professional service provider to a family with a disabled child.

The single most important issue in the minds of parents who have a child with a disability, whether the child is a minor or an adult, is what happens to the child after the parents are gone.

For many parents, the answer is called a Special Needs Trust. These trusts provide a way of leaving an inheritance to a person with a disability so that an inheritance will not jeopardize the person’s eligibility for government benefits.

Enlightening Step-By-Step Guide

Planning For The Future is an enlightening step-by-step Guide to estate planning for parents who have a child with a disability. It is written in plain and easily understood English - not lawyer-speak. Tips and strategies are supported by real-life examples that enable the reader to understand the complexities of tax and estate planning when parents are concerned about the long term care and support for their child with a disability.

Authors Are Nationally Recognized Experts

Planning For The Future was first published in 1993 and the Fifth Edition has now been released. Co-authors L. Mark Russell and Arnold Grant are nationally recognized experts in tax and estate planning for parents who have a child with a disability.

Do you worry about a person with a disability or advise people who have such worries?

Estate Planning For Disabled Persons Is Different

Planning For The Future explains why estate planning, when there is a disabled person involved, differs from other estate planning needs. Russell and Grant demonstrate how a Will connects to the Special Needs Trust. Planning For The Future is the essential guide for parents who are concerned about the future well-being of their child with a disability.

Covers A Wide Range of Subjects

Planning For The Future covers a wide range of subjects parents with a disabled child need to know such as:

Special Needs Trusts. These trusts provide a way of leaving an inheritance to a person with a disability so that the inheritance will not jeopardize the person’s eligibility for government benefits. Although many parents and professionals are aware of the importance of such trusts, most are unaware of the vital paragraphs that should be considered for all special needs trusts – provisions for trust terminations in the event laws change in the future, amendment provisions to provide flexibility especially after the parents are no longer able to care for the child, prohibitions against co-mingling of assets, customized spendthrift provisions to keep any creditors of the disabled person away from the trust funds, and many other important considerations. Our experience is that many special needs trusts are drafted much too narrowly, lacking sufficient flexibility to provide for the many needs of the person with a disability. Learn about the crucial, but often overlooked, provisions that will help the special needs trust endure throughout the lifetime of the person with a disability.

Confused about government benefits? Which benefits are available for a person with a disability? What are the eligibility requirements for each program? If the person with a disability is “high functioning,” what should you do to prove that the person is disabled? How can you maximize cash benefits? Once the person with a disability receives benefits, what must you do to keep them?

Guardianship. What a crucial issue. There is more misunderstanding about guardianship than any other topic. You should approach guardianship for a person with a disability the same way you would approach surgery for a loved one – with caution and with the knowledge of the pros and cons, and the alternatives.

What should parents do when their child is about to turn 18 and he or she has money titled in his or her name – usually gifts from relatives. What can be done with the money so the child will become eligible for needs-based government benefits? Learn what to do legally. Learn how to avoid compounding the problem. If you do it wrong, SSI will be denied for up to three years.

Learn how property can be properly gifted to a person with a disability.

Learn about residential, educational, employment and social options for people with disabilities and learn about the must-see web sites that provide information about the specific resources available in your community.

Learn how parents should communicate their wishes and knowledge about their child to future caregivers. Read real-life examples of how other parents communicate their wishes. Get a multi-page checklist that explains how to do it, step by step.

Learn how parents can protect themselves and their child against the devastating costs of old age in the event that the parents require nursing home care.

Learn how much parents should leave for their child to protect his or her future, based on reasoned assumptions regarding government benefits, inflation, rate of return on trust assets and taxes. These sophisticated financial calculations are priceless by providing needed direction.

Learn how to save money by knowing about income tax benefits available to families that have a child with a disability.

Learn about all the other estate planning information parents need to know: How do you reduce the cost of administering an estate? What can be done about estate tax? What are the vital advance health care directives and powers of attorney for property that every parent must consider and what customized language that should be contained in these documents if parents have a son or daughter with a disability?

And that’s just a small measure of the value offered.

Planning For The Future has 15 chapters that cover every topic regarding future care planning for a child with a disability.

Planning For The Future has four appendices, including a helpful form parents can fill out before they meet with an attorney, a form and system for organizing the parents’ estate and papers concerning the person with a disability, an easy to use, step-by-step process to calculate the person’s financial needs. Planning For The Future is 642 pages long, has 107 explanatory examples culled from 30 years of client experience, 45 must-do TIPS – the kind of advice our clients pay us for every day, 13 customized drafting examples for attorneys, which help save time and legal fees, and numerous important legal citations from the core laws that underpin these critical issues.

Do you need answers about special needs trusts, guardianship, SSI, other government benefits, and financial and life planning for a person with a disability?



Answers Critical Questions

Planning For The Future contains all the information parents must consider as they plan for their child's life after their own deaths. Easy to understand, the book describes in step-by-step detail all the elements that parents must consider to secure a happy and fulfilling life for their child with a disability.

Planning For The Future contains the answers to these crucial questions every parent with a disabled child needs to know:

  • What types of government benefits are potentially available?
  • How do you assure eligibility and maximize benefits?
  • How can you leave property to your child without imperiling eligibility for government benefits?
  • What educational, employment and social programs are available?
  • What residential options are available for your child?
  • Who will look out for your child's interest after you are gone?
  • What are the benefits and detriments to legal guardianship?
  • What are the alternatives to legal guardianship?
  • How can you communicate vital information about your child to future caregivers?
  • How much must you leave for your child to protect his or her future?
  • How do you reduce the cost of administering your estate?
  • What can you do about estate tax?
  • What income tax benefits are available to families that have a child with a disability?
  • How can you protect yourself and your child against dissipation of your estate in the event that you need nursing home care?
  • And much much more....

Planning For The Future is a must read, not only for families caring for a family member with a disability, but also for those who provide professional services to families caring for a family member with a disability such as CPA's, financial and estate planners.

Planning For The Future explains and informs parents about the steps they need to take to provide security for a disabled son or daughter.





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