Updated: Apr 9, 2020
Do you have a special needs beneficiary?
This could include a beneficiary receiving government benefits for a disability, a beneficiary who is bad with money, has a gambling problem, drug or alcohol addiction, medical bills, bad at picking spouses, etc.
If you are like the majority of people I meet, your plan for those beneficiaries is usually "I'll leave everything to my good child and they will take care of their sibling."
What happens if that "good child" gets divorced, is sued or passes away? The money that you set aside for your special needs beneficiary could be lost.
There are ways to plan for these beneficiaries, but you want to make sure you are working with someone who is familiar with this type of planning.
During this pandemic, it may seem cheaper/easier to use the online programs to create a will, but they cannot and do not protect those beneficiaries.
This is yet another reason why you should consult with an Estate Planning Attorney instead of using the online programs for creating a will.
To discuss the best options for you and your special needs beneficiaries, please contact us at (937) 507-9004 or firstname.lastname@example.org.