Special Needs Planning
RMP advises clients in the proper implementation and use of Special Needs Trusts. Within this scope of representation, RMP works with parents of children with special needs to ensure estate planning is structured in a manner to maximize preservation of public benefits that the child may be entitled. RMP also assist clients that may be receiving settlements or an inheritance that would otherwise jeopardize continuation of public benefit programs. Areas for precipitation with regard to Special Needs Planning include the following:
- Estate Planning for parents of children with special needs the purpose of creating special needs trusts (third-party trusts);
- Working with plaintiff attorneys for the purpose of establishing first-party special needs trusts in dealing with personal injury settlement/judgments; and
- Guardianship for children with special needs upon the child attaining age 18.