NAMING YOUR SPECIAL NEEDS TRUST AS BENEFICIARY OF YOUR MILITARY PENSION
For active and retire service members, pay of all benefits generally stops upon the service member’s death. However, Survivor Benefit Plan (SBP) is an additional benefit which provides monthly, cost-of-living-adjusted income to certain members of the service member’s family. The SBP is a program which service members may elect to participate in as part of…
SPECIAL NEEDS PLANNING – PART 4
by Thomas D. Begley, Jr., Esquire, CELA [Here are links to Part 1 , Part 2 , and Part 3 .] Ten Common Mistakes in Special Needs Planning Leaving Assets Directly to Your Special Needs Child. Many parents leave a Will leaving assets outright to their children including their special needs children. This mistake renders…
SPECIAL NEEDS PLANNING – PART 1
by Thomas D. Begley, Jr., Esquire, CELA [Here are links to Part 2 , Part 3 and Part 4 .] Special Needs Planning for loved ones with disabilities is extremely important. As long as parents are alive, they will care for their children with disabilities. The problem begins when the parents are gone. Many children…
Ten Steps in Planning for My Special Needs Child
by Thomas D. Begley, Jr., Esquire, CELA Retain a Competent Special Needs Trust Attorney. The first step in planning for a special needs child is to retain a Special Needs Trust Attorney who is experienced in assisting families with special needs children. Many Estate and Trust Attorneys draft Special Needs Trusts, but do not have…