You face unique challenges as a parent of a special needs child in Indiana. While you manage daily care and support now, you must also plan for your child’s future. A solid plan will protect your child and give you peace of mind.
What does special needs estate planning mean?
Special needs estate planning helps parents set up legal and financial support for their child with disabilities. This type of planning keeps your child’s access to essential government benefits like Medicaid or SSI while adding extra financial help after you’re gone. Without proper planning, an inheritance could cut off these vital benefits.
Your protection plan needs four main parts to work well in Indiana. Consider each of these steps as building blocks for your child’s future:
Set up a special needs trust
This trust holds money for your child without affecting their government benefits. The trust can pay for extra care, therapy or items that improve their lives.
Pick a guardian
Name someone you trust to care for your child. Choose someone who knows your child’s needs and can make good decisions. Indiana courts will look at your choice when they pick a guardian.
Write a care guide
Make a clear guide about your child’s daily needs, medical care and likes or dislikes. This will help future caregivers keep your child’s routine the same.
Check your plan often
Look at your plan every few years and update it when laws change or when your child’s needs shift.
Start your planning early to give yourself time to make the right choices. Work with an Indiana lawyer who knows special needs law. They’ll help you create a plan that follows state rules and keeps your child safe. A good lawyer will ensure your plan works with Indiana law and federal benefits rules.