Special Needs Planning: Planning for the Disabled Child
Estate planning for parents of disabled children requires more care and consideration than a simple Will. The financial and personal well being of a disabled child can only be property protected by utilizing special needs planning. This article will focus on the use of special needs trusts for disabled children and their parents. Economically, a…
Understanding Your Duties and Responsibilities as a Guardian
By Ethan J. Ordog As the probate judge renders his or her decision regarding a finding of incapacity and the appointment of an appropriate guardian, many individuals, specifically those who have been entrusted with such an appointment, begin to contemplate the responsibility which is being conferred upon them. Typically, a determination to pursue guardianship is…
Using Medicare Set-Aside Arrangements In Third Party Liability Cases
Medicare Set-Aside Arrangements (MSA) have long been used in the workers compensation arena. Because of the enactment of the Medicare, Medicaid and SCHIP Extension Act of 20071 it appears that MSAs are now going to be required in third party liability cases. In some cases special needs trusts will be required in order to protect…
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