Home Services Work Programs Enhanced Living Day Training Packaging/Assembly
News Staffing Service Estate Planning Employment History You Can Help Contact Us
New
Horizons offers a free consultation service to help families plan their
estates. Estate planning is particularly important for families
where one or more members has a developmental disability. Leaving
a portion of an estate to a trusted family member, with the intent that
that portion will be used for the benefit the developmentally disabled
individual, is not necessarily a safe way to provide for a loved one.
In such an arrangement, that portion of the estate intended for the
disabled person becomes part of the estate of the trusted family member.
If the trusted custodian gets into financial difficulty or passes away,
the disabled person will very likely be left with nothing!
Also, probate expenses can considerably reduce the amount available for distribution. Therefore, probate should be avoided if possible.
A Special Needs Trust can assure that the portion of an estate set aside for a developmentally disabled family member will be available to that person throughout his/her lifetime. Properly drawn, such a trust will avoid probate and will not jeopardize federal/state funding furnished to the disabled individual.
A Special Needs Trust can be established as a free standing trust or as a trust within a Living Trust. The free consultation service offered by New Horizons assists families in understanding options which are available in their planning for their loved ones. The individuals who volunteer their time not only will assist with the planning process but can advise what to expect with respect to costs and procedures. Referrals may be made to estate planning attorneys who are experts in this field.
For more information, Contact Us and we will promptly respond to your request.
Home Services Work Programs Enhanced Living Day Training Packaging/Assembly
News Staffing Service Estate Planning Employment History You Can Help Contact Us
06/05/2005