Estate planning is the process of preparing for how your property and assets will be distributed after your death. But estate planning can also put protections in place for you if you become disabled, either through accident, illness, or old age. Estate planning also lets you provide for your loved ones in a protective manner if you have family members who are not able to manage their affairs well on their own.
Preparing for your own disability
There are a number of things you can do in advance of any potential disability to make sure your property and assets are managed for your benefit. Simple powers of attorney and medical releases may be all that you need, or in more complicated cases a living trust can be used to ensure that you are properly cared for without the need for a guardian. Our Paris, TX estate planning attorney can discuss your specific situation and make recommendations on the best way to meet your goals.
Caring for loved ones with a disability
If you have a child with special needs who receives government benefits such as SSI and Medicaid, you can leave money to supplement their care and improve their quality of life, but it must be done with a Special Needs Trust so that their eligibility for benefits is not lost. Your Paris, TX special needs trust lawyer will help you prepare documents that both safeguard your child and maximize the financial resources available to care for them.
Contact us at 833-RED-BOOT (833-733-2668) or legal@parkercounsel.com to schedule a short phone call to discuss how we might be able to help your family.