Thursday, November 14, 2013
Webber Barton Roscher (Osborne, Helman, Knebel & Deleery, L.L.P.) recently published an article entitled, Providing for Adult Children with Disabilities in a Traditional Estate Plan: Looking Beyond the Special Needs Trust, Probate & Property Vol. 27 No. 6 (November/December 2013).
Advances in medical research and technology will likely result in children with developmental disabilities of all kinds living into adulthood. As a result, practitioners must be able to plan for adult children with special needs when clients seek advice on how to ensure their children are cared for on a long-term basis. This article provides an overview on using special needs trusts as well as other planning techniques and considerations such as retirement plans, life insurance, the selection of caretakers, and nonbinding statements of wishes.