If you're a current client, thank you for giving me the opportunity to fulfill your legal needs. If you're a new visitor, I look forward to meeting you and exploring ways we can assist you and your family. My practice includes: Planning for Special Needs Children, Estate Planning & Medicaid Nursing Home Crisis Planning. Leaving assets to a child with a disability may disqualify her for essential benefits such as Medicaid and SSI.
Moreover, public benefits normally provide for the only the bare necessities such as food, housing and clothing, and will normally not provide your loved one with the resources that would allow them the quality of life you wish for them. Fortunately, Federal and North Carolina laws allow assets to be held in trust, called a "Special Needs" or "Supplemental Needs" Trust for a recipient of SSI and Medicaid, as long as certain requirements are met.
I am committed to assisting parents planning for special needs children. Where appropriate, your estate plan can also achieve goals such as protecting your children's or loved one's inheritance from creditors, bankruptcy or divorce, or fulfilling your charitable desires.
Moreover, public benefits normally provide for the only the bare necessities such as food, housing and clothing, and will normally not provide your loved one with the resources that would allow them the quality of life you wish for them. Fortunately, Federal and North Carolina laws allow assets to be held in trust, called a "Special Needs" or "Supplemental Needs" Trust for a recipient of SSI and Medicaid, as long as certain requirements are met.
I am committed to assisting parents planning for special needs children. Where appropriate, your estate plan can also achieve goals such as protecting your children's or loved one's inheritance from creditors, bankruptcy or divorce, or fulfilling your charitable desires.
Services
For some members of our society, legal protection may be necessary even after they have entered adulthood.
These individuals may have been injured in an accident, continue to suffer from an incapacitating physical illness or psychological disorder, or have some other condition that prevents them from caring for themselves.
In these cases, a guardianship may be established.
Guardianship, also referred to as conservatorship, is a legal arrangement that places an individual, also known as a ward or protected person, under the supervision of a guardian, or custodian.
These individuals may have been injured in an accident, continue to suffer from an incapacitating physical illness or psychological disorder, or have some other condition that prevents them from caring for themselves.
In these cases, a guardianship may be established.
Guardianship, also referred to as conservatorship, is a legal arrangement that places an individual, also known as a ward or protected person, under the supervision of a guardian, or custodian.
Here's a blog by a Wealth Counsel member on estate planning, with a focus on North Carolina law: The North Carolina Estate Planning Blog.
Here's a link to a website with excellent resources on planning for special needs children: AchievingIndependence.
And for those with an academic bent, or who want to read the latest on the estate of James Brown or Leona Helmsley: The Wills, Trusts & Estates Prof Blog.
The Law Office of Richard Poole assists clients in the Wilmington, North Carolina area, including New Hanover County, Brunswick County and Pender County, Topsail, Hampstead, Figure Eight, Ogden, Wrightsville Beach, Carolina Beach, Kure Beach and Leland.
Here's a link to a website with excellent resources on planning for special needs children: AchievingIndependence.
And for those with an academic bent, or who want to read the latest on the estate of James Brown or Leona Helmsley: The Wills, Trusts & Estates Prof Blog.
The Law Office of Richard Poole assists clients in the Wilmington, North Carolina area, including New Hanover County, Brunswick County and Pender County, Topsail, Hampstead, Figure Eight, Ogden, Wrightsville Beach, Carolina Beach, Kure Beach and Leland.
Richard Poole is a Wilmington, North Carolina attorney helping traditional and non-traditional families plan for life, deal with death, avoid conflict and preserve a lasting legacy.
He has specialized in estate planning to ensure that he can offer the highest quality of service.
Richard will work with you to develop a comprehensive and highly personalized plan based on an analysis of your circumstances and your goals.
Richard is a member of WealthCounsel, LLC, the nation's premier community of estate planning attorneys.
He has specialized in estate planning to ensure that he can offer the highest quality of service.
Richard will work with you to develop a comprehensive and highly personalized plan based on an analysis of your circumstances and your goals.
Richard is a member of WealthCounsel, LLC, the nation's premier community of estate planning attorneys.
Many parents put off estate planning because they do not think they have substantial assets to protect.
This outlook is common among young adults who think they have plenty of time to accumulate wealth and plan for it at a later date.
However, in failing to create a proper estate plan, many parents cannot adequately protect their children.
All parents, with or without a great deal of assets should have an estate plan in place to set forth their wishes for their children which includes, among other things, nomination of a guardian in the event that they have an untimely passing while the child is still a minor.
This outlook is common among young adults who think they have plenty of time to accumulate wealth and plan for it at a later date.
However, in failing to create a proper estate plan, many parents cannot adequately protect their children.
All parents, with or without a great deal of assets should have an estate plan in place to set forth their wishes for their children which includes, among other things, nomination of a guardian in the event that they have an untimely passing while the child is still a minor.
If you currently provide care for a child or loved one with special needs (such as mental or physical disabilities), you must have contemplated with concern about what may happen to them when you are no longer able to provide and care for them.
While you can certainly provide that they receive money and assets, such a bequest may prevent them from qualifying for essential benefits under the Supplemental Security Income (SSI) and Medicaid programs.
However, public monetary benefits provide only for the bare necessities such as food, housing and clothing.
While you can certainly provide that they receive money and assets, such a bequest may prevent them from qualifying for essential benefits under the Supplemental Security Income (SSI) and Medicaid programs.
However, public monetary benefits provide only for the bare necessities such as food, housing and clothing.
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