As ADHD becomes a hot topic in the real world and online, many people are beginning to discover that females and ADD is an often overlooked problem. The main reason that females and ADD isn’t front and center starts with one particular difference. Many doctors, psychologists, therapists and doctors are in agreement that the “H”, the hyperactivity component is absent majority of the time. It’s a double edged sword, for several reasons.
Many families with a special needs child or grandchild either have simple wills in place providing for the child to receive property and assets upon death, have named the special needs child as a beneficiary of their life insurance policies and retirement accounts, or perhaps have no will at all. This can be a costly mistake. If you have a child, whether a minor or adult, who is unable to provide for themselves or is incapable of making financial decisions due to mental or physical incapacities and you do not have a trust for that child in place upon your death, it may be necessary to appoint a guardian and/or conservator over your child and his estate, which can be a lengthy and expensive court proceeding. Also, if your child is receiving public assistance such as SSI or Medicaid when he inherits assets, this can make your child ineligible to receive those benefits or may prevent him from qualifying for such programs in the future. Government benefits generally provide for only bare necessities and while you most likely want to leave money for your child that would allow him to enjoy a richer quality of life, doing so can make him ineligible for those benefits. A properly drafted Special Needs Trust (also known as a Supplemental Needs Trust) can be established either during your lifetime or by your will upon your death which can allow your child to continue to receive public assistance while still having access to money from your estate to be used for supplemental and extra care that is not provided by the government. An attorney knowledgable in this area can advise you on how best to provide for your child upon your death and can draft a Special Needs Trust for your child which can allow your child to receive money for his benefit while preserving his benefits from needs-based government programs. Contemplating no longer being around to care for your children is always a difficult thing to think about; however it is made much more difficult when you have a child who you know will need long-term care after your death. Knowing that you have provided protection for your special needs child after your passing can give your family great peace of mind.
Open NOW! This will be a wonderful RVA Tradition starting! Read all about the fun, events and things to do! To enter to win one of many family packs, ach pass is good for one carload packs over the next few weeks , share someting you are excited about after reading the info.
I know that we will be visiting each other soon and I thought this would be a helpful note for you to have.
A lot of you know that I sometimes do things differently, and it can really make my sisters mad at times too , but there are reasons for this.