Special Needs Planning
Ever heard the expression “have your cake and eat it, too?” It refers to what it’s like to want it both ways or, better yet, to GET it both ways. When it comes to families who have members with special needs, Whatley Wilcox, PLLC believes that it’s criticial that the individual with special needs is positioned to enjoy every possible benefit, without being limited or held back in any way. With proper planning, large assets can be in place to benefit the individual, without limiting their ability to qualify for other government assistance. It’s a very technical and tricky area, and it has to be done correctly. It’s important to pay attention to the source of the assets; who puts them in place; and even what the assets are. Trusts play an important role in these situations, so call us. We’d be honored to help!