You and other parents of adult children with special needs often serve numerous important roles in your kids’ lives, providing for their daily care needs as well as becoming their medical and social services advocates. Consequently, it can be difficult to consider your child being cared for by anyone else. The attorneys at Levins & Associates, L.L.C., understand how important it is for families with special needs to establish comprehensive estate planning arrangements that provide for the daily and long-term necessities of adult children.
When considering all of the estate planning services that are available to you and your family, it may be helpful to keep several factors in mind. Any and all arrangements made should reflect the unique circumstances of your case, and take into account the specific medical condition and capabilities of your child. Financial Advisor magazine explains that adult children with special needs should participate in estate planning arrangements whenever possible. As a result, it may be appropriate to take into consideration your child’s preference over who is identified as his or her legal guardian in the event of your passing. If your child is unable to engage in such arrangements, it is important to ensure that his or her best interests are at the forefront of all decision made.
Given that your adult child with special needs has unique challenges and skills, it is also important to ensure that any legal arrangements made encourage the level of independence that is appropriate for him or her. For instance, it may make more sense to establish power of attorney for your child if he or she is relatively self-sufficient and accustomed to living independently. Of course, guardianship and/or conservatorship can also be assigned in cases where your child benefits from a more comprehensive level of care.
Effective estate planning involves recognizing the unique circumstances and concerns of every client. Learn more about guardianship and other related topics by visiting our web page today.