Dedicated estate planning attorneys assisting clients with all of their estate planning needs in Arlington Heights, Libertyville, Cary, Itasca, and Chicago.
There will come a point in life when you will no longer be able to care for your special needs child. For some, major life changes leave individuals who are among the most vulnerable uncared for. The attorneys at Newland & Newland, LLP understand your concerns regarding difficult decisions on how best to plan care for your loved one. For your peace of mind and your child's protection, schedule an initial consultation with one of our attorneys today to establish your child's special needs trust today. With Newland & Newland, LLP you can rest assured that your loved one's special needs trust will be there when you need it the most.
Establishing a Special Needs Trust
One main benefit of establishing a special needs trust is providing financial security for your child. An experienced attorney can help to ensure that your child will retain his or her crucial benefits, such as government benefit payments received. Securing your child's future is counterproductive if your child becomes ineligible for important benefits such as social security, medicaid, or a subsidized housing program. If you are considering establishing a special needs trust, contact Newland & Newland, LLP to discuss your options so that you can rest assured that you are making the best decisions for you and your family.
Libertyville Illinois Attorneys Meeting your Estate Planning Needs
There are two types of special needs trusts. Regardless of whether you are creating an individual special needs trust or a pooled special needs trust, there are certain requirements that must be followed. The state of Illinois regulates how the special needs trust needs to be established. The age of the recipients will dictate the type of trust that must be created. Establishing a valid special needs trust is essential in the transfer of assets. The consequences of an invalid special needs trust can be detrimental to you and your family. Let one of our attorneys help you ensure your interests are carried out effectively.
Everyone understands that life gets in the way and it is hard to take time out to ensure that your future is properly planned. If you have not planned for the worst, now is the time to do so. If you have failed to establish a special needs trust, need to update your already established trust, or simply want your trust reviewed to ensure compliance, contact an experienced attorney at Newland & Newland, LLP. Our attorney can review the facts and circumstances of your case to determine your best course of action. Newland & Newland, LLP is a full services estate planning law firm with offices located in Arlington Heights, Libertyville, Chicago, Cary, and Waukegan. For personalized representation and service driven results, contact your Illinois attorney today.