As a legal adult aged 18 or over, you are responsible for managing your assets and debts, which constitute your estate. Although most young adults have a long life ahead of them, unexpected events can occur, leaving you incapacitated or even resulting in loss of life.
Accidents and illnesses...
A child’s 18th birthday is an exciting occasion for both themselves and their parents. In the U.S., most children are given adult status at 18, meaning they become legally responsible and thus able to make their own choices without parental permission.
For a special-needs child, turning 18 is even...
Caring for a family member with special needs, whether a child or a dependent adult, presents unique challenges. Many families worry about how their loved ones will be cared for after they pass, especially if they can’t work full-time or have ongoing medical concerns that require special care.
Fortunately,...
On December 7, 2016, the Senate approved the 21st Century Cures Act, which includes the Special Needs Trust Fairness Act, allowing competent individuals with disabilities to create their own special needs trusts.
Special Needs Trusts enable assets to be saved on behalf of people with disabilities, while protecting their eligibility for means-tested benefits. Programs such as...
According to the Centers for Disease Control and Prevention’s Disability and Health Data System, 20.9% of all the adults living in California have a disability. That means the loved ones of 20.9% of all Californians may have to be especially thoughtful when crafting their estate plans.
Unfortunately, leaving as little as $2,001...
