child with intellectual disability and mother smiling in park
It’s natural for parents of children with special needs to prioritize immediate care and well-being. Yet, proactive legal planning is crucial – the earlier you start, the better prepared your child will be, no matter what the future holds.
Many parents mistakenly believe the need for comprehensive planning arrives only when their child turns 18. In reality, delaying leaves your child vulnerable. In your absence, who would step up to raise them? Courts might appoint someone who doesn’t understand their specific needs. A direct inheritance could also disqualify them from vital government benefits. Early planning protects against each of these scenarios. A Tampa special needs lawyer is an invaluable ally, helping you address several key factors when starting the process of creating your plan:
- Guardianship: Designating a trusted individual to make decisions and provide care upon your passing is paramount. This needs to be someone deeply familiar with your child’s specific routines, preferences, and medical requirements.
- Special Needs Trusts (SNTs): An SNT is a tailored legal mechanism allowing you to leave assets for your child that supplement, not replace, essential government benefits. These allow loved ones to provide the extras beyond basic public resources.
- ABLE Accounts: These tax-advantaged accounts can be established while your child is a minor. It’s never too early to get this tool in place, allowing them to save up to a designated amount every year without jeopardizing public aid. Funds grow tax-free and can cover many disability-related expenses.
- Planning for Unexpected Tragedy: Accidents or critical illness can strike at any time. A robust special needs plan provides a safety net, ensuring your child’s well-being even in unforeseen circumstances.
A knowledgeable special needs lawyer can guide you through the complexities of crafting plans that evolve alongside your child’s needs and changes in the law.
Get the Compassionate Guidance You Need For the Future
At the Law Offices of Laurie E. Ohall, P.A., we understand the complex legal and emotional journey families with children with special needs face. Our experienced team is here to offer clear, practical guidance for comprehensive planning. If you’d like to explore your option and start the process of creating your plan, simply call us (813) 438-8503 to schedule a consultation with the mention of this blog post.