Why It's Important to Work with a Specialist* in Special Wills and Trust Clauses
Working with a Certified Elder Law Attorney (CELA)* for special wills and trust clauses is essential for creating a tailored estate plan that meets the unique needs of your loved ones. Longnaker Law understands the intricacies of drafting provisions that protect the financial interests of disabled loved ones without jeopardizing their benefits.
We can ensure that assets designated for minors are managed responsibly until they reach adulthood. Certified Elder Law Attorneys (CELA)* in this field are adept at establishing special needs trusts that enhance the quality of life for individuals with disabilities while preserving their eligibility for public assistance.
For individuals who struggle with financial management, we can create spendthrift clauses that safeguard their inheritance. Additionally, we can draft provisions for second marriages that balance the interests of a current spouse and children from previous marriages, ensuring fair and equitable distribution.
Sometimes, a standard will or trust will suffice, but a layperson, non-lawyer, or attorney with a general law practice may not recognize when this is not enough. By working with a specialist (CELA)*, you can be confident that your estate plan will be comprehensive, legally sound, and tailored to address your family’s specific circumstances.
Navigating the complexities of special will and trust clauses, our experienced team is dedicated to providing comprehensive support and ensuring your estate plan meets the unique needs of your loved ones.
Types of Special Will & Trust Clauses
- For Loved Ones Who Are Disabled:
- Drafting clauses that ensure the financial security and care of disabled loved ones without jeopardizing their eligibility for government benefits.
- For Minors or Grandchildren:
- Including provisions that protect and manage assets for minors until they reach adulthood, ensuring their inheritance is used responsibly.
- Special Needs Trusts:
- Establishing special needs trusts to provide for individuals with disabilities, enhancing their quality of life while preserving their eligibility for public assistance programs.
- For Spendthrifts or Beneficiaries with Addictions:
- Creating clauses that control the distribution of assets to individuals who may have difficulty managing money, ensuring their inheritance is protected and used wisely.
- For Beneficiaries with Debt and Bad Credit:
- When leaving money or assets to a beneficiary with Debts, creditors can seek to claim the inherited money causing the intended recipient not to benefit.
- For Second Marriages:
- Drafting provisions that balance the needs of a current spouse with those of children from a previous marriage, ensuring fair and equitable distribution of assets.
Creating a tailored estate plan with special will and trust clauses ensures that the unique needs of your loved ones are fully addressed. John Longnaker (CELA)* has the expertise to craft provisions that protect and provide for individuals in various situations, from minors to those with disabilities.
Contact us today for a consultation and let us assist you with all your special will and trust clause needs.