Websters Dictionary defines the term “Legacy” as: 1) a gift by will especially of money or other personal property, or 2) something transmitted by or received from an ancestor or predecessor or from the past. As an estate planning attorney, I see the term “legacy” most often associated with the transfer of money or some item of real or perceived worth. While that most certainly is an appropriate use of the term under the first definition above, it’s a use that greatly diminishes what a legacy can and perhaps should be.
You’ve probably heard the age-old African proverb that states, “it takes a village to raise a child.” When it comes to raising a special needs child, nothing could be farther from the truth.
“A fate worse than death….” We’ve all heard this saying before, and when it comes to planning for your future and the future well being of your loved ones, the saying often holds true.
For families with a special needs dependent child or adult, few things in life are “normal” or “routine.” And when it comes to estate planning for these families, the rule stays the same.
For many people, the decision to purchase life insurance is somewhat of a given. You’re going to pass away one day, right? So why not leave a pot of cash for those you leave behind?
As estate planners, most of our clients come to us seeking guidance as they plan for the end of their lives, focusing on how they are going to take care of those people and things they care about the most when they are gone. This is certainly a necessary endeavor, but planning for our timely or untimely deaths is only a part of comprehensive estate planning.
As an estate and special needs planning attorney, the great majority of people that I come into contact with, whether they be friends, clients, colleagues, or associates, have a charitable cause or belief that is very near and dear to their hearts.
Assure Estate Planning focuses on providing estate planning for individuals and families of special needs children and adults. Often the keystone of planning for those individuals and families is the Special Needs Trust (SNT), in some circumstances (described below) known as the Supplemental Needs Trust.
With a prevelance rate of 1-in-110 children (1-in-70 boys), autism is one of the fastest growing disorders around the world. We at Assure Estate Planning know the financial, emotional and physical tolls this disorder takes on the individuals and families affected by its far reaching increase, and that is why we are honored and privilged to do our part to better the lives of autisitic individuals and their families.