The Denver special needs trusts lawyer at Donald Glenn Peterson Attorney at Law has extensive experience helping clients develop trusts that protect their assets, beneficiaries and final wishes.
Making sure that your child, spouse or other loved one with special needs is properly cared for after your passing can be an important part of estate planning. While the best estate planning tools for such a situation will depend on your wishes and the specific circumstances at hand, in most cases, setting up a special needs trust for your loved one can not only provide them with the financial care they need after your passing but it can also:
- Appoint a trusted relative or other person to look after your loved one with special needs
- Choose a trustee to manage the trust after you have passed on
- Set up specific guidelines for managing your loved one’s future, including his education, housing and medical needs
- Prevent your loved one from having to forfeit any government assistance (like disability benefits, Medicaid or Social Security), which could happen if your loved one suddenly inherited a sum of money from a will.
Loved ones who can benefit from having special needs trusts in place include (but are not limited to) spouses, children, relatives or others who:
- Are living with dementia, Alzheimer’s, Parkinson’s disease and/or multiple sclerosis
- Have lupus, Down syndrome, cystic fibrosis or another incurable condition
- Have suffered from a catastrophic injury, such as traumatic brain injury.
Consulting with an Experienced Denver Special Needs Trust Lawyer
If you are ready to start developing a comprehensive special needs trust that will financially, legally and socially protect your specially abled loved ones in the future, the Denver special needs lawyer at Donald Glenn Peterson Attorney at Law is here to help you at every step of the process. Regardless of whether you have a small or large estate, our full-service law firm can develop, draft and thoroughly review an effective special needs trust that will help your beneficiaries avoid having to potentially forfeit their government benefits, deal with lengthy and contentious probate proceedings, pay expensive estate taxes and be burdened by other emotional and financial headaches down the line.
For more information regarding our services, as well as professional legal advice regarding the best manner in which to move forward in order to develop a special needs trust, contact the experienced Denver special needs lawyer at Donald Glenn Peterson Attorney at Law by emailing us or calling (303) 758-0999.